Trimble Inc. (NASDAQ:TRMB) Given Average Recommendation of "Buy" by Analysts

Key Points

• Trimble Inc. has received a consensus recommendation of "Buy" from eleven analysts, with two ratings as "strong buy", eight as "buy", and one as "hold".
• The average 12-month price target for Trimble's stock is $92.10, with Barclays setting a price objective of $100.00.
• CEO Robert G. Painter recently sold 115,781 shares of Trimble stock, leading to a significant decrease in his position by 50.20%.

Trimble Inc. (NASDAQ:TRMB - Get Free Report) has been given a consensus recommendation of "Buy" by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $92.10.

Several research analysts have issued reports on TRMB shares. Weiss Ratings restated a "hold (c)" rating on shares of Trimble in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays began coverage on shares of Trimble in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $96.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Finally, Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the stock a "buy" rating in a research note on Friday, October 3rd.

Trimble Trading Down 0.6%

Trimble stock opened at $77.40 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 66.72, a price-to-earnings-growth ratio of 3.20 and a beta of 1.65. Trimble has a 1 year low of $52.91 and a 1 year high of $87.50. The firm's 50 day moving average price is $80.70 and its two-hundred day moving average price is $74.63.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. On average, research analysts predict that Trimble will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 115,781 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the transaction, the chief executive officer owned 114,879 shares of the company's stock, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director directly owned 13,809 shares of the company's stock, valued at $1,137,999.69. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,321 shares of company stock valued at $18,677,518. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Trimble

Institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the 2nd quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 169 shares during the period. Osterweis Capital Management Inc. boosted its stake in shares of Trimble by 5,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 589 shares of the scientific and technical instruments company's stock valued at $45,000 after buying an additional 579 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Trimble during the 2nd quarter valued at $48,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Trimble during the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.

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