Trimble (TRMB) Stock Price, News & Analysis

Company Overview

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. Its Geospatial segment provides surveying and geospatial products, and geographic information systems. The company's Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, including autonomous steering systems, automated and variable-rate application and technology systems, and information management solutions; manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; and agricultural software. Its Transportation segment offers solutions for long haul trucking and freight shipper markets; mobility solutions comprising route management, safety and compliance, end-to-end vehicle management, video intelligence, and supply chain communications; and fleet and transportation management systems, analytics, routing, mapping, reporting, and predictive modeling solutions. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Westminster, Colorado.

Key Stats

• Today's Range: $70.05 to $72.10
• 50-Day Range: $60.21 to $75.40
• 52-Week Range: $48.60 to $76.97
• Volume: 3.39 million shs
• Average Volume: 1.35 million shs
• Market Capitalization: $17.50 billion
• P/E Ratio: 11.98
• Dividend Yield: N/A
• Price Target: $84.86
• Consensus Rating: Buy

Trimble Stock Analysis - MarketRank™

Trimble scored higher than 92% of companies evaluated by MarketBeat, and ranked 20th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Trimble has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Trimble has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.99%

Earnings Growth

Earnings for Trimble are expected to grow by 2.99% in the coming year, from $2.34 to $2.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Trimble is 11.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trimble is 11.98, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Trimble has a PEG Ratio of 3.15. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Trimble has a P/B Ratio of 3.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.85% of the float of Trimble has been sold short.

Short Interest Ratio / Days to Cover

Trimble has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trimble has recently decreased by 33.76%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Trimble does not currently pay a dividend.

Dividend Growth

Trimble does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -1.44

Percentage of Shares Shorted

0.85% of the float of Trimble has been sold short.

Short Interest Ratio / Days to Cover

Trimble has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trimble has recently decreased by 33.76%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.22

News Sentiment

Trimble has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Trimble this week, compared to 10 articles on an average week.

Search Interest

Only 9 people have searched for TRMB on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

MarketBeat Follows

6 people have added Trimble to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Trimble insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.47% of the stock of Trimble is held by insiders.

Percentage Held by Institutions

93.21% of the stock of Trimble is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRMB Stock Analysis - Frequently Asked Questions

How have TRMB shares performed this year?

Trimble's stock was trading at $53.20 at the beginning of the year. Since then, TRMB shares have increased by 34.7% and is now trading at $71.64.
View the best growth stocks for 2024 here.

How were Trimble's earnings last quarter?

Trimble Inc. (NASDAQ:TRMB) issued its quarterly earnings data on Tuesday, August, 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The company's quarterly revenue was down 12.4% compared to the same quarter last year.
Read the conference call transcript.

Does Trimble have any subsidiaries?

Trimble subsidiaries include these companies: Ryvit, Transporeon, B2W, Agile Assets, MidStates VRS, Kuebix, Cityworks, and others.

Who are Trimble's major shareholders?

Trimble's top institutional investors include State Street Corp (4.29%), Geode Capital Management LLC (2.42%), Victory Capital Management Inc. (2.23%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (2.21%). Insiders that own company stock include Robert G Painter, Mark S Peek, Ronald Bisio, James A Kirkland, Darryl R Matthews, Kaigham Gabriel, Mark David Schwartz, Peter Large, Thomas W Sweet, Jennifer Allison, James Calvin Dalton, James Joel Langley and Sandra Macquillan.
View institutional ownership trends.

How do I buy shares of Trimble?

Shares of TRMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Trimble own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trimble investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Measuring & controlling devices, not elsewhere classified
• Sub-Industry: Electronic Manufacturing Services
• Current Symbol: NASDAQ:TRMB
• CUSIP: 89623910
• CIK: 864749
• Web: www.trimble.com
• Phone: (720) 887-6100
• Fax: 408-481-7781
• Employees: 12,700
• Year Founded: 1978

Price Target and Rating

• Average Stock Price Target: $84.86
• High Stock Price Target: $92.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: +18.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.98
• Trailing P/E Ratio: 11.98
• Forward P/E Ratio: 30.62
• P/E Growth: 3.15
• Net Income: $311.30 million
• Net Margins: 40.67%
• Pretax Margin: 54.17%
• Return on Equity: 10.18%
• Return on Assets: 5.41%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 1.16
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $3.63 billion
• Price / Sales: 4.82
• Cash Flow: $3.13 per share
• Price / Cash Flow: 22.91
• Book Value: $18.09 per share
• Price / Book: 3.96

Miscellaneous

• Outstanding Shares: 244,208,000
• Free Float: 243,060,000
• Market Cap: $17.50 billion
• Optionable: Optionable
• Beta: 1.53