Trimble Inc. (NASDAQ:TRMB) Receives $75.40 Consensus PT from Brokerages

Trimble Inc. (NASDAQ:TRMB) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $75.40.

A number of equities research analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler boosted their target price on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Trimble

A number of institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC bought a new position in shares of Trimble during the first quarter valued at approximately $354,000. Price T Rowe Associates Inc. MD increased its position in Trimble by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 344,742 shares of the scientific and technical instruments company’s stock worth $22,189,000 after buying an additional 5,076 shares during the period. SVB Wealth LLC lifted its stake in Trimble by 4.8% in the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 204 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Trimble by 26.6% during the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock valued at $3,845,000 after acquiring an additional 12,555 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Trimble by 18.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock worth $304,000 after acquiring an additional 725 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 0.7 %

Shares of Trimble stock opened at $72.97 on Wednesday. Trimble has a 1-year low of $45.61 and a 1-year high of $74.22. The company has a market capitalization of $17.82 billion, a PE ratio of 12.20, a P/E/G ratio of 3.12 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The business has a 50-day moving average of $65.05 and a 200-day moving average of $58.91.

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.