Are You Looking To Buy Trimble Inc. (TRMB)? First, Read This

Trimble Inc. (NASDAQ:TRMB) finished Friday with a subtraction of -$0.57 to close at $87.12, a downside of -0.65 percent. An average of 625,060 shares of common stock have been traded in the last five days. There was a gain of $2.19 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 930,170 shares traded, while the 50-day average volume stands at 1,131,690.

TRMB stock has decreased by -2.76% in the last month. The company shares reached their 1-month lowest point of $80.19 on 10/06/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $47.19 and a high of $96.49 in 52 weeks. It has reached a new high 28 times so far this year and achieved 30.48% or $20.35 in price. In spite of this, the price is down -9.71% from the 52-week high.


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Insider Transactions

44 days have passed since Trimble Inc. (TRMB) last reported insider trading activity. FOSBURGH BRYN, who is Vice President, most recently acquired $3,260 shares at $93.65 per share on Sep 09. In this transaction, the insider spent $305,299. Director, BERGLUND STEVEN W, disposed of 106,650 shares at a price of $93.65 on Sep 09. The insider now owns more than $9,987,772 worth of shares. Prior to that, Director BERGLUND STEVEN W went on to Sale 54,500 shares at $93.65 each on Sep 09. An amount of $5,103,925 was transacted.

Valuation Metrics

Trimble Inc. (TRMB) has a trailing price-to-earnings (P/E) ratio of 42.64, which compares with the 23.30 for the broader industry and 38.99 for the sector. In the last five years, Trimble Inc.’s PE ratio has ranged between 100.18 and 10.45. The stock’s beta is 1.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.25, the price-to-book (PB) ratio at 5.71, and the price-to-cash flow ratio at 28.82.

The quick ratio of Trimble Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.36 for the quarter ending June 29. Trimble Inc.’s EBITDA margin for the year ending June 29 is 21.85%, while its operating margin for the same period stands at 14.80%. Its gross profit as reported stood at $1.75 billion compared to revenue of $3.15 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Trimble Inc.’s return on assets was 7.60%. For the broader industry, ROE averaged 3.62 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Trimble Inc. had $1.29 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $138.9 million in the quarter, while revenues of $114.5 million were grew 54.64%. The analyst consensus anticipated Trimble Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.72, a 20.00% surprise. For the quarter, EBITDA amounted to $190.3 million. Shareholders own equity worth $251.62 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Trimble Inc. (TRMB) price momentum. RSI 9-day as of the close on 22 October was 60.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.09%.

As of today, TRMB’s price is $86.71 +2.58% or $2.19 from its 5-day moving average. TRMB is currently trading -0.66% lower than its 20-day SMA and +11.08% higher than its 100-day SMA. However, the stock’s current price level is -1.68% below the SMA50 and +21.27% above the SMA200.

The stochastic %K and %D were 89.99% and 92.67%, respectively, and the average true range (ATR) was 1.76. With the 14-day stochastic at 82.11% and the average true range at 1.81, the RSI (14) stands at 54.83%. The stock has reached 2.23 on the 9-day MACD Oscillator while the 14-day reading was at 3.30.

Analyst Ratings

Piper Sandler launched coverage on Trimble Inc. (NASDAQ: TRMB) in its analyst report released on October 15, 2021. The firm assigned the stock a an Overweight rating. The consensus rating for Trimble Inc. (TRMB) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TRMB, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 6 others rate it as a “buy”.

What is TRMB’s price target for the next 12 months?

Analysts predict a range of price targets between $74.00 and $110.00, with a median target of $98.00. Taking a look at these predictions, the average price target given by analysts for Trimble Inc. (TRMB) stock is $95.30.

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