Trimble (NASDAQ:TRMB - Get Free Report) had its price objective boosted by JPMorgan Chase & Co. from $66.00 to $74.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 2.58% from the company's current price.
TRMB has been the topic of several other research reports. Piper Sandler upped their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday. Robert W. Baird raised their price target on shares of Trimble from $65.00 to $66.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Oppenheimer restated an "outperform" rating and issued a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. Finally, StockNews.com raised Trimble from a "hold" rating to a "buy" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.20.
View Our Latest Research Report on TRMB
Trimble Trading Down 0.7 %
TRMB stock traded down $0.50 during midday trading on Thursday, hitting $72.14. The stock had a trading volume of 1,716,314 shares, compared to its average volume of 1,348,365. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm has a market cap of $17.62 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.75 and a beta of 1.49. The business has a fifty day moving average price of $60.14 and a two-hundred day moving average price of $57.39. Trimble has a 1-year low of $40.79 and a 1-year high of $73.17.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The company had revenue of $870.80 million for the quarter, compared to the consensus estimate of $862.50 million. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The firm's revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. On average, sell-side analysts predict that Trimble will post 2.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Trimble by 18.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,942 shares of the scientific and technical instruments company's stock valued at $511,000 after buying an additional 1,251 shares during the period. Janney Montgomery Scott LLC lifted its position in Trimble by 31.3% in the first quarter. Janney Montgomery Scott LLC now owns 19,135 shares of the scientific and technical instruments company's stock valued at $1,232,000 after purchasing an additional 4,563 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of Trimble in the first quarter valued at about $217,000. Empirical Finance LLC lifted its holdings in Trimble by 4.7% in the 1st quarter. Empirical Finance LLC now owns 6,617 shares of the scientific and technical instruments company's stock worth $426,000 after buying an additional 300 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Trimble in the 1st quarter worth $215,000. 93.21% of the stock is owned by institutional investors.
About Trimble
(
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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.
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