BidaskClub upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a report published on Saturday morning, BidAskClub reports.

Several other equities research analysts also recently issued reports on TRMB. Needham & Company LLC raised their price objective on shares of Trimble from $34.00 to $42.00 and gave the stock a buy rating in a research note on Monday, May 11th. Morgan Stanley raised their price objective on shares of Trimble from $28.00 to $30.00 and gave the stock an equal weight rating in a research note on Thursday, May 7th. Goldman Sachs Group lowered their price objective on shares of Trimble from $53.00 to $35.00 and set a buy rating on the stock in a research note on Thursday, March 19th. TheStreet upgraded shares of Trimble from a c+ rating to a b- rating in a research note on Wednesday, June 10th. Finally, Robert W. Baird lifted their price target on shares of Trimble from $31.00 to $39.00 and gave the stock an outperform rating in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Trimble currently has an average rating of Hold and an average target price of $39.88.

Shares of TRMB stock opened at $42.64 on Friday. Trimble has a 12 month low of $20.01 and a 12 month high of $46.67. The company has a quick ratio of 0.71, a current ratio of 0.97 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $40.90 and its two-hundred day moving average is $38.71. The company has a market cap of $10.58 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.74 and a beta of 1.67.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.08. The business had revenue of $794.00 million for the quarter, compared to the consensus estimate of $773.19 million. Trimble had a net margin of 15.79% and a return on equity of 15.44%. Trimble’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. As a group, equities analysts expect that Trimble will post 1.51 EPS for the current fiscal year.

In other Trimble news, CEO Robert G. Painter sold 12,615 shares of Trimble stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.45, for a total transaction of $497,661.75. Following the completion of the transaction, the chief executive officer now directly owns 83,045 shares of the company’s stock, valued at $3,276,125.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaigham Gabriel sold 2,500 shares of Trimble stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $43.99, for a total value of $109,975.00. Following the transaction, the director now directly owns 12,856 shares of the company’s stock, valued at $565,535.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,650 shares of company stock valued at $843,372. Company insiders own 0.66% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TRMB. Integrated Wealth Concepts LLC raised its holdings in shares of Trimble by 5.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,475 shares of the scientific and technical instruments company’s stock valued at $270,000 after buying an additional 310 shares during the last quarter. Column Capital Advisors LLC raised its holdings in shares of Trimble by 32.2% in the first quarter. Column Capital Advisors LLC now owns 1,347 shares of the scientific and technical instruments company’s stock valued at $43,000 after buying an additional 328 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Trimble by 1.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 21,550 shares of the scientific and technical instruments company’s stock valued at $898,000 after buying an additional 344 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Trimble by 54.3% in the first quarter. Signaturefd LLC now owns 1,048 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 369 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Trimble by 34.7% in the first quarter. Synovus Financial Corp now owns 1,534 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 395 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in 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; applications for sub-contractors and trades; and integrated workplace management services software.

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Analyst Recommendations for Trimble (NASDAQ:TRMB)

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