Robert W. Baird Maintains Their Buy Rating on Trimble Navigation (TRMB)

In a report released today, Robert Mason CFA from Robert W. Baird maintained a Buy rating on Trimble Navigation (TRMBResearch Report), with a price target of $98.00. The company’s shares closed last Thursday at $87.31.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 6.3% and a 87.5% success rate. CFA covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Roper Technologies.

Trimble Navigation has an analyst consensus of Moderate Buy, with a price target consensus of $94.00.

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The company has a one-year high of $96.49 and a one-year low of $50.51. Currently, Trimble Navigation has an average volume of 1.08M.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRMB in relation to earlier this year. Most recently, in August 2021, James Kirkland, the SVP of TRMB sold 25,227 shares for a total of $2,247,595.

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Trimble, Inc. engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators. The Geospatial segment focuses on providing solutions for the customers working in surveying, engineering, and government. The Resources and Utilities segment offers services to customers working in agriculture, forestry, and utilities. The Transportation segment covers solutions for the long-haul trucking, field service management, rail, and construction logistics industries. The company was founded in 1978 by Charles Robert Trimble and is headquartered in Sunnyvale, CA.

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