Media coverage about Trimble (NASDAQ:TRMB) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trimble earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.7183824035409 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Trimble Inc. (TRMB) year to date performance remained at -7.92% – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Trimble Introduces Tekla 2018 BIM Software Solutions (finance.yahoo.com)
- Trimble (TRMB) versus Research Frontiers (REFR) Head-To-Head Comparison (americanbankingnews.com)
- Investors watchful Oversold Stock: Trimble Inc. (TRMB) stock RSI shifts below 30 – Nasdaq Chronicle (nasdaqchronicle.com)
- Trimble Inc. (TRMB) Stock is In Active Momentum on technical Analysis – Investing News Update (investingbizz.com)
Shares of Trimble stock traded down $0.40 during trading hours on Thursday, hitting $37.02. 18,530 shares of the company’s stock were exchanged, compared to its average volume of 1,084,215. Trimble has a 1 year low of $30.45 and a 1 year high of $45.70. The firm has a market cap of $9,312.47, a price-to-earnings ratio of 79.62, a PEG ratio of 2.22 and a beta of 2.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63.
TRMB has been the topic of a number of research analyst reports. BidaskClub cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Oppenheimer reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Trimble in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, December 26th. Finally, TheStreet cut shares of Trimble from a “b” rating to a “c+” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $42.10.
In related news, Director Mark S. Peek sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $39.80, for a total transaction of $398,000.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,393,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulf J. Johansson sold 50,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the sale, the director now owns 42,670 shares in the company, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. Insiders have sold a total of 471,946 shares of company stock worth $18,558,140 in the last quarter. 1.40% of the stock is currently owned by company insiders.
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Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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