Trimble Inc. (NASDAQ:TRMB) Receives Average Recommendation of “Moderate Buy” from Analysts

Trimble Inc. (NASDAQ:TRMB) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $96.7778.

Several research firms have recently commented on TRMB. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a research note on Thursday, November 6th. Wells Fargo & Company assumed coverage on shares of Trimble in a research note on Thursday, November 13th. They set an “overweight” rating and a $94.00 target price on the stock. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday. Finally, Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st.

Trimble Trading Down 0.4%

Shares of Trimble stock opened at $71.19 on Monday. Trimble has a 1-year low of $52.91 and a 1-year high of $87.50. The company’s fifty day simple moving average is $79.03 and its 200-day simple moving average is $80.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market capitalization of $16.94 billion, a PE ratio of 48.76, a P/E/G ratio of 2.48 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $901.20 million during the quarter, compared to analyst estimates of $870.30 million. Trimble had a return on equity of 10.73% and a net margin of 9.93%.Trimble’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. As a group, equities analysts anticipate that Trimble will post 2.37 earnings per share for the current year.

Trimble announced that its board has approved a share buyback plan on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total transaction of $181,012.50. Following the completion of the sale, the chief financial officer owned 25,684 shares in the company, valued at approximately $2,066,277.80. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 616 shares of Trimble stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the sale, the director directly owned 13,193 shares in the company, valued at $1,081,694.07. This trade represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 27,084 shares of company stock worth $2,183,951. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Trimble

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Trimble by 9.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,589 shares of the scientific and technical instruments company’s stock valued at $203,000 after purchasing an additional 214 shares during the last quarter. Natural Investments LLC increased its holdings in shares of Trimble by 10.8% in the fourth quarter. Natural Investments LLC now owns 3,506 shares of the scientific and technical instruments company’s stock worth $274,000 after purchasing an additional 342 shares during the last quarter. BSW Wealth Partners purchased a new stake in shares of Trimble in the fourth quarter worth about $16,547,000. Assetmark Inc. boosted its stake in Trimble by 7.7% during the fourth quarter. Assetmark Inc. now owns 8,918 shares of the scientific and technical instruments company’s stock valued at $699,000 after buying an additional 638 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock valued at $330,460,000 after buying an additional 675,134 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

About Trimble

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.