Topic: How To Invest

Q: Pat, what does TSI recommend in terms of buying Trimble? Thanks.

Article Excerpt

A: Trimble Inc., $49.42, symbol TRMB on Nasdaq (Shares outstanding: 247.0 million; Market cap: $12.1 billion;, mainly provides advanced GPS positioning systems for auto fleets and other business clients. It also sells connectivity, modeling, analytics and autonomous driving solutions. The company serves a range of industries including civil engineering, construction, agriculture, natural resources, transportation and government. On December 12, 2022, Sunnydale, California-based Trimble announced that it had acquired German logistics company Transporeon for 1.88 billion euros ($2.0 billion U.S.) in cash from HG Capital. That’s a London and Munich-based private equity firm focused on software investment. Transporeon’s cloud-based transportation management software platform provides more than 145,000 carriers and 1,400 shippers with an integrated suite of tools for sourcing, planning, executing system development. Founded in 2000, Transporeon generates $130 million U.S. in annual sales and $37 million U.S. in earnings. The transaction is expected to close in the first half of 2023. Transporeon will operate within Trimble’s Transportation segment. Trimble’s revenue rose 5.0%, from $3.11 billion…