Trimble (NASDAQ:TRMB) Given Outperform Rating at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Trimble (NASDAQ:TRMB) in a research report report published on Monday morning, Benzinga reports. They currently have a $72.00 target price on the scientific and technical instruments company’s stock.

TRMB has been the topic of a number of other research reports. Robert W. Baird raised their target price on Trimble from $59.00 to $65.00 and gave the company an outperform rating in a report on Tuesday, February 13th. Piper Sandler reaffirmed an overweight rating and set a $73.00 target price on shares of Trimble in a research report on Monday, April 15th. StockNews.com downgraded shares of Trimble from a buy rating to a hold rating in a report on Saturday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $57.00 to $67.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $66.67.

Trimble Trading Up 0.4 %

NASDAQ:TRMB opened at $56.78 on Monday. The company’s 50 day moving average is $61.17 and its 200-day moving average is $53.96. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. Trimble has a 12 month low of $39.57 and a 12 month high of $65.55. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 59.15, a P/E/G ratio of 2.51 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts anticipate that Trimble will post 2.23 EPS for the current year.

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares in the company, valued at approximately $13,134,579.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total transaction of $220,255.00. Following the completion of the sale, the chief executive officer now owns 187,055 shares in the company, valued at approximately $11,771,371.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,828 shares of company stock valued at $1,013,519. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRMB. First Horizon Advisors Inc. increased its position in shares of Trimble by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock valued at $68,000 after buying an additional 196 shares in the last quarter. Fulton Bank N.A. increased its stake in Trimble by 2.6% during the 1st quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock worth $497,000 after purchasing an additional 199 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Trimble by 6.8% during the 4th quarter. First Eagle Investment Management LLC now owns 3,145 shares of the scientific and technical instruments company’s stock worth $167,000 after buying an additional 200 shares during the period. Czech National Bank lifted its stake in Trimble by 0.5% in the first quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after buying an additional 201 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Trimble by 1.9% in the first quarter. Caprock Group LLC now owns 12,584 shares of the scientific and technical instruments company’s stock valued at $810,000 after buying an additional 233 shares during the period. Institutional investors own 93.21% of the company’s stock.

About Trimble

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.