BidaskClub Lowers Trimble (NASDAQ:TRMB) to Buy

BidaskClub downgraded shares of Trimble (NASDAQ:TRMB) from a strong-buy rating to a buy rating in a report released on Tuesday morning, BidAskClub reports.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of China Southern Airlines from a sell rating to a hold rating in a research report on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $46.33.

Shares of TRMB stock opened at $43.91 on Tuesday. The company has a market cap of $11.06 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 2.29 and a beta of 2.03. Trimble has a one year low of $29.75 and a one year high of $46.25. The company’s fifty day moving average price is $42.95. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60.



Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $804.50 million for the quarter, compared to the consensus estimate of $808.58 million. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. As a group, equities analysts expect that Trimble will post 1.83 earnings per share for the current year.

In other Trimble news, CFO Robert G. Painter sold 5,300 shares of Trimble stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $44.00, for a total value of $233,200.00. Following the sale, the chief financial officer now directly owns 60,697 shares in the company, valued at approximately $2,670,668. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James A. Kirkland sold 5,430 shares of Trimble stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $41.10, for a total transaction of $223,173.00. Following the completion of the sale, the insider now owns 39,939 shares in the company, valued at $1,641,492.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,750 shares of company stock worth $6,637,192. 0.39% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. FMR LLC increased its holdings in shares of Trimble by 17.2% in the 1st quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock worth $271,214,000 after buying an additional 984,623 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Trimble by 0.8% in the 4th quarter. Impax Asset Management Group plc now owns 5,559,309 shares of the scientific and technical instruments company’s stock worth $182,957,000 after buying an additional 46,661 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Trimble by 6.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 4,975,528 shares of the scientific and technical instruments company’s stock worth $201,011,000 after buying an additional 288,459 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Trimble by 57.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,684,151 shares of the scientific and technical instruments company’s stock worth $108,440,000 after buying an additional 981,492 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Trimble by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 2,660,376 shares of the scientific and technical instruments company’s stock worth $87,497,000 after buying an additional 171,485 shares during the last quarter. Institutional investors own 92.02% 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 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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