Trimble (NASDAQ:TRMB) had its target price hoisted by equities research analysts at Morgan Stanley from $70.00 to $76.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the scientific and technical instruments company’s stock. Morgan Stanley’s target price would suggest a potential upside of 4.18% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a report on Tuesday, January 12th. Craig Hallum upped their target price on Trimble from $44.00 to $58.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Needham & Company LLC boosted their price objective on shares of Trimble from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.60.
Shares of Trimble stock opened at $72.95 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.66. Trimble has a 1 year low of $20.01 and a 1 year high of $75.70. The firm has a market cap of $18.25 billion, a PE ratio of 37.94, a PEG ratio of 3.46 and a beta of 1.50. The company has a 50 day simple moving average of $69.34 and a two-hundred day simple moving average of $57.17.
Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, February 10th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. Trimble had a net margin of 15.56% and a return on equity of 14.84%. The firm had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $783.79 million. During the same quarter last year, the company posted $0.53 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts anticipate that Trimble will post 1.86 earnings per share for the current year.
In other news, Director Mark S. Peek sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $62.30, for a total transaction of $311,500.00. Following the transaction, the director now directly owns 57,251 shares of the company’s stock, valued at $3,566,737.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 10,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The shares were sold at an average price of $60.23, for a total value of $617,357.50. Following the transaction, the chief executive officer now owns 78,903 shares of the company’s stock, valued at approximately $4,752,327.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,667 shares of company stock valued at $2,185,362. 0.66% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Trimble during the third quarter valued at about $37,000. O Shaughnessy Asset Management LLC boosted its position in Trimble by 390.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 814 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 648 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Trimble by 99.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 655 shares of the scientific and technical instruments company’s stock worth $44,000 after acquiring an additional 327 shares during the period. Whittier Trust Co. lifted its stake in shares of Trimble by 91.3% in the 4th quarter. Whittier Trust Co. now owns 838 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 400 shares during the period. Finally, Freestone Capital Holdings LLC bought a new stake in shares of Trimble during the third quarter valued at approximately $57,000. 89.39% of the stock is owned by hedge funds and other institutional investors.
Trimble Inc provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software.
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