Trimble Inc. [NASDAQ: TRMB] stock went on an upward path that rose over 1.75% on Wednesday, amounting to a one-week price increase of more than 0.77%. The company report on August 5, 2020 that Trimble Reports Second Quarter 2020 Results.
– Growth in annualized recurring revenue on a year-over-year basis.
– Growth in operating margin on a year-over-year basis.
Over the last 12 months, TRMB stock rose by 21.19%. The one-year Trimble Inc. stock forecast points to a potential downside of -6.79. The average equity rating for TRMB stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.73 billion, with 249.90 million shares outstanding and 248.44 million shares in the current float. Compared to the average trading volume of 1.14M shares, TRMB stock reached a trading volume of 1918468 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Trimble Inc. [TRMB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRMB shares is $43.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRMB stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Trimble Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 29, 2020. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $35 to $36. The new note on the price target was released on March 13, 2020, representing the official price target for Trimble Inc. stock. On August 01, 2019, analysts decreased their price target for TRMB shares from 36 to 35.
The Average True Range (ATR) for Trimble Inc. is set at 1.16, with the Price to Sales ratio for TRMB stock in the period of the last 12 months amounting to 3.61. The Price to Book ratio for the last quarter was 3.70, with the Price to Cash per share for the same quarter was set at 0.85. Price to Free Cash Flow for TRMB in the course of the last twelve months was 22.48 with Quick ratio for the last quarter at 0.70.
TRMB Stock Performance Analysis:
Trimble Inc. [TRMB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.77. With this latest performance, TRMB shares gained by 9.23% in over the last four-week period, additionally plugging by 2.03% over the last 6 months – not to mention a rise of 21.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRMB stock in for the last two-week period is set at 57.58, with the RSI for the last a single of trading hit 61.15, and the three-weeks RSI is set at 59.18 for Trimble Inc. [TRMB]. The present Moving Average for the last 50 days of trading for this stock 43.29, while it was recorded at 45.33 for the last single week of trading, and 39.49 for the last 200 days.
Insight into Trimble Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Trimble Inc. [TRMB] shares currently have an operating margin of +12.96 and a Gross Margin at +51.62. Trimble Inc.’s Net Margin is presently recorded at +15.76.
Return on Total Capital for TRMB is now 8.68, given the latest momentum, and Return on Invested Capital for the company is 11.13. Return on Equity for this stock inclined to 17.75, with Return on Assets sitting at 8.28. When it comes to the capital structure of this company, Trimble Inc. [TRMB] has a Total Debt to Total Equity ratio set at 63.68. Additionally, TRMB Total Debt to Total Capital is recorded at 38.91, with Total Debt to Total Assets ending up at 29.91. Long-Term Debt to Equity for the company is recorded at 55.73, with the Long-Term Debt to Total Capital now at 34.05.
Reflecting on the efficiency of the workforce at the company, Trimble Inc. [TRMB] managed to generate an average of $44,784 per employee. Receivables Turnover for the company is 5.66 with a Total Asset Turnover recorded at a value of 0.53.Trimble Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.
TRMB Stock EPS
With the latest financial reports released by the company, Trimble Inc. posted 0.48/share EPS, while the average EPS was predicted by analysts to be reported at 0.47/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRMB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trimble Inc. go to 7.00%.
Trimble Inc. [TRMB] Insider Position Details
There are presently around $10,540 million, or 91.86% of TRMB stock, in the hands of institutional investors. The top three institutional holders of TRMB stocks are: BLACKROCK INC. with ownership of 25,240,659, which is approximately -1.23% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 24,402,119 shares of the stock with an approximate value of $1.12 billion in TRMB stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $901.66 million in TRMB stock with ownership of nearly 22.609% of the company’s market capitalization.
Positions in Trimble Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 173 institutional holders increased their position in Trimble Inc. [NASDAQ:TRMB] by around 29,190,134 shares. Additionally, 228 investors decreased positions by around 25,321,903 shares, while 66 investors held positions by with 175,027,106 shares. The mentioned changes placed institutional holdings at 229,539,143 shares, according to the latest SEC report filing. TRMB stock had 42 new institutional investments in for a total of 12,864,244 shares, while 58 institutional investors sold positions of 2,551,740 shares during the same period.