An Analysis of Trimble Inc. (TRMB)’s Potential Price Growth


Trimble Inc.’s recently made public that its Director Dalton James Calvin unloaded Company’s shares for reported $79808.0 on Mar 03. In the deal valued at $53.20 per share,1,500 shares were sold. As a result of this transaction, Dalton James Calvin now holds 1,936 shares worth roughly $ 99045.76.

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Then, PAINTER ROBERT G sold 5,000 shares, generating $277,061 in total proceeds. Upon selling the shares at $55.41, the President & CEO now owns 150,752 shares.

Before that, MATTHEWS DARRYL R sold 4,000 shares. Trimble Inc. shares valued at $285,204 were divested by the SVP & Sector Head at a price of $71.30 per share. As a result of the transaction, MATTHEWS DARRYL R now holds 38,136 shares, worth roughly $1.95 million.

Northcoast downgraded its Trimble Inc. [TRMB] rating to a Sell from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of -27.9 to its Tuesday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering TRMB and has decreased its forecast on September 08, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Wolfe Research started covering the stock on August 17, 2022. It rated TRMB as “a Peer perform”.

Price Performance Review of TRMB

On Tuesday, Trimble Inc. [NASDAQ:TRMB] saw its stock fall -3.56% to $51.16. On the same session, the stock had its day’s lowest price of $50.91, but rose to a high of $52.22. Over the last five days, the stock has lost -1.73%. Trimble Inc. shares have risen nearly 1.19% since the year began. Nevertheless, the stocks have fallen -23.04% over the past one year. While a 52-week high of $74.87 was reached on 02/02/23, a 52-week low of $47.52 was recorded on 01/05/23. SMA at 50 days reached $54.22, while 200 days put it at $59.04. A total of 1.54 million shares were traded, compared to the trading of 1.27 million shares in the previous session.

Levels Of Support And Resistance For TRMB Stock

The 24-hour chart illustrates a support level at 50.64, which if violated will result in even more drops to 50.12. On the upside, there is a resistance level at 51.95. A further resistance level may holdings at 52.74. The Relative Strength Index (RSI) on the 14-day chart is 37.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.45%. Stochastics %K at 30.87% indicates the stock is a holding.

How much short interest is there in Trimble Inc.?

A steep rise in short interest was recorded in Trimble Inc. stocks on Jan 12, 2023, dropping by 50000.0 shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.61 million shares. There was a decline of -1.95%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.78.

Trimble Inc. [TRMB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 27,041,900 shares, or roughly 10.97% of the outstanding TRMB shares. In other words, the investor’s shares have risen by 210,960 from its previous 13-F filing of 26830940.0. Additionally, Capital Research & Management Co increased 0.27% of its stake after which the total value it holdings stand at $921,660,058, while BlackRock Fund Advisors added 1.38% of its stake to hold $731.71 million in the firm. Over the last quarter, Impax Asset Management Ltd. purchased 1,303,824 shares of Trimble Inc., while SSgA Funds Management, Inc. bought -87,287 shares. At present, Select Equity Group LP is holding 8,088,186 shares valued at $469.6 million. PRIMECAP Management Co. owned 5,225,046 shares of the company at the time of its most recent 13F filing, worth $303.37 million.

According to FactSet, Trimble Inc.’s share price will average $64.06 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.53 percent from its previous closing price of $53.05. Analysts expect Trimble Inc. stock to reach the higher price of $83.00, while the lowest price estimate is $40.00. However, 14 analysts have rated TRMB stock as an Overweight in their predictions for 2023.


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