Trimble Inc (NASDAQ: TRMB) is 32.48% higher on its value in year-to-date trading and has touched a low of $42.85 and a high of $74.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRMB stock was last observed hovering at around $69.67 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $70.48, the stock is 5.35% and 11.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 1.16% at the moment leaves the stock 19.53% off its SMA200. TRMB registered 60.44% gain for a year compared to 6-month gain of 22.36%. The firm has a 50-day simple moving average (SMA 50) of $63.0308 and a 200-day simple moving average (SMA200) of $58.9629.
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The stock witnessed a 17.06% loss in the last 1 month and extending the period to 3 months gives it a 25.74%, and is -2.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.35% over the month.
Trimble Inc (TRMB) has around 12700 employees, a market worth around $17.21B and $3.63B in sales. Current P/E ratio is 11.78 and Fwd P/E is 23.85. Profit margin for the company is 40.67%. Distance from 52-week low is 64.48% and -5.04% from its 52-week high. The company has generated returns on investments over the last 12 months (20.00%).
The EPS is expected to grow by 6.83% this year
962.0 institutions hold shares in Trimble Inc (TRMB), with institutional investors hold 97.15% of the company’s shares. The shares outstanding are 246.50M, and float is at 243.33M with Short Float at 1.25%. Institutions hold 96.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.96 million shares valued at $1.62 billion. The investor’s holdings represent 11.7972 of the TRMB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.15 million shares valued at $1.07 billion to account for 7.8013 of the shares outstanding. The other top investors are GENERATION INVESTMENT MANAGEMENT LLP which holds 11.09 million shares representing 4.516 and valued at over $619.97 million, while STATE STREET CORP holds 4.2639 of the shares totaling 10.47 million with a market value of $585.36 million.
Trimble Inc (TRMB) Insider Activity
The most recent transaction is an insider sale by Large Peter, the company’s Senior Vice President. SEC filings show that Large Peter sold 1,447 shares of the company’s common stock on Apr 16 ’24 at a price of $59.10 per share for a total of $85518.0. Following the sale, the insider now owns 8220.0 shares.
Trimble Inc disclosed in a document filed with the SEC on Apr 16 ’24 that SCHWARTZ MARK DAVID (Senior VP, CES) sold a total of 2,322 shares of the company’s common stock. The trade occurred on Apr 16 ’24 and was made at $59.10 per share for $0.14 million. Following the transaction, the insider now directly holds 10265.0 shares of the TRMB stock.
Still, SEC filings show that on Apr 15 ’24, SCHWARTZ MARK DAVID (Senior VP, CES) disposed off 235 shares at an average price of $61.14 for $14368.0. The insider now directly holds 12,587 shares of Trimble Inc (TRMB).
