Latest news with #Trimble
Yahoo
25-05-2025
- Business
- Yahoo
The Best Industrial Technology Stock to Invest $10,000 in Right Now
This company's margins and recurring revenue are on an upward trajectory. AI growth and the increasing adoption of digitally connected technology will drive its higher-margin recurring revenue. The company does a great job of upselling and cross-selling solutions to its existing and new customers. 10 stocks we like better than Trimble › Workflow technology company Trimble (NASDAQ: TRMB) has several exciting growth drivers that can send its stock price higher in the coming years. Furthermore, they are already in place, and investors can see the evidence of their progression in the numbers. This isn't a speculative growth stock; it's a growth stock with established technology in the early innings of adoption. The average U.S. 40-year-old investor has over $150,000 in an equity portfolio. While there's no definitive agreement on the number of stocks you need to diversify a portfolio, around 15 stocks are often seen as typical of a more enterprising, risk-seeking investor. In contrast, a portfolio of 30 or above represents a more conservative investor looking to diversify. As such, investing $10,000 in Trimble will suit a more enterprising investor, but if you are a more conservative investor, $5,000 might suit you better. Alternatively, adjust the position size as appropriate to your portfolio size. Trimble's origins lie in its hardware solutions, which provide precise positioning using global navigation satellite systems. As such, it's a well-known name in architecture and construction, what management calls "field systems" (civil engineering, geospatial, and other advanced positioning), and transportation and logistics. However, its present and future lie in the growth of its software solutions, which use the data created by its hardware for modeling and data analytics purposes on an ongoing and connected basis. Consequently, Trimble's solutions are becoming an increasingly important part of its customers' daily workflows. Major hardware manufacturers across its target markets appreciate Trimble's capacity to generate value, as evidenced by its existing partnerships with Caterpillar, Liebherr, and Deere. Trimble also competes with Deere via its 15% stake in a joint venture with AGCO in the precision agriculture sector. The shift toward recurring revenue from software lies at the heart of five key growth drivers for the company: The change in revenue mix to software subscriptions from hardware and perpetual software implies improving profit margins, as (based on 2024 full-year numbers) the former has a near 84% gross margin compared to almost 46.5% for the latter. The shift to recurring revenue, measured by annualized recurring revenue (ARR), helps de-risk future revenue, improves financial modeling and the predictability of cash flows, and makes customers more "sticky," particularly if the software/services relate to daily workflows. Increasing recurring revenue also creates a significant cross-selling and upselling opportunity for Trimble as it introduces new solutions to new customers. The growth of artificial intelligence (AI) applications and the adoption of advanced analytics add more value to Trimble's solutions. Ultimately, the increase in ARR will improve free cash flow (FCF) as billing is automated, and the predictability of cash flows means Trimble doesn't have to keep cash on hand for contingency purposes. I will run through the bullet points in turn. The relative increase in subscription and recurring services has resulted in an upward drift in its overall gross profit margin. CEO Rob Painter revealed that net retention for Trimble's core architects, engineers, construction, and owners (AECO) segment remained at approximately 110% over a trailing 12-month basis, showcasing increased customer loyalty and upselling/cross-selling potential. A 100% retention ratio implies that a company's existing customers continue to spend the same amount in aggregate as in the previous period. However, a rate of 110% implies that Trimble is getting 10% more out of those existing customers compared to the last period -- a demonstration of its ability to increase ARR by cross-selling and upselling solutions to a loyal customer base. As for AI, Trimble is already selling AI-powered solutions to customers. While it's too early to see it demonstrably in the numbers, it's hard not to think that AI will add value to the solutions of a company whose key growth driver is data analytics, connecting the physical world to the digital world in real time. The improvement in FCF coming from mid-teens growth in ARR (management expects adjusted organic ARR growth of 13% to 15% in 2025) is implied in management's guidance and the Wall Street consensus. After adjusting for $253 million in cash taxes relating to the AGCO joint venture and $35 million in mergers and acquisitions costs, and adding it back to the Wall Street consensus for FCF in 2025 of $395 million, Trimble's underlying FCF in 2025 would be $683 million. The Wall Street consensus of $791 million and $906 million in 2026 and 2027 implies a growth rate in the mid-teens, making the stock look like an excellent value. It trades at less than 22 times expected FCF in 2026 and has many long-term earnings drivers, as outlined above. Whether you invest $10,000, $5,000, or just $1,000, the company's mid-teens FCF growth rate and long path of growth ahead make it an excellent stock for long-term investors looking for a growth stock to add to their diversified portfolio. Before you buy stock in Trimble, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Trimble wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Deere & Company. The Motley Fool recommends Trimble. The Motley Fool has a disclosure policy. The Best Industrial Technology Stock to Invest $10,000 in Right Now was originally published by The Motley Fool Sign in to access your portfolio
San Francisco Chronicle
23-05-2025
- Automotive
- San Francisco Chronicle
Trimble to become primary sponsor on Buescher, Preece NASCAR Cup Series cars beginning in 2025
CONCORD, N.C. (AP) — Roush Fenway Keselowski Racing announced Friday a multi-year sponsor partnership with Trimble beginning in the 2025 NASCAR Cup Series season. Trimble will be the primary sponsor on Ryan Preece's No. 60 Ford Mustang and Chris Buescher's No. 17 Ford Mustang, beginning with Preece's entry at Nashville Superspeedway on June 1. In addition, it was announced that Trimble will increase its involvement across RFK Racing's full fleet in upcoming seasons, including Brad Keselowski's No. 6 Ford Mustang. Trimble is a global technology company that enables essential industries including construction, geospatial and transportation. 'This is a high-profile opportunity to expand awareness of Trimble by supporting a leading NASCAR team with a technology vision closely aligned with our own,' Trimble president and CEO Rob Painter said. 'Both organizations focus on cohesive technology ecosystems and data-driven precision as the formula for winning in dynamic and intensely competitive environments.' Trimble employs more than 12,000 people worldwide and serves customers in over 175 countries. The company reported $3.68 billion in revenue in 2024, according to a release. 'Partnering with a forward-thinking, technology-driven company like Trimble is a great fit for RFK Racing,' said Steve Newmark, president of RFK Racing. 'Our team and Trimble operate in fast-paced, high-performance environments that demand precision and innovation. Their deep expertise and commitment to technology will bring valuable perspective and collaboration to our program.' Trimble is also set to join the RFK TeK Alliance, a collaborative platform where technology-oriented sponsors work together to test and refine products in applied racing and operational environments. 'Every week in NASCAR feels like a science project, where we're constantly testing, learning, and improving,' said RFK Racing driver and co-owner Brad Keselowski. 'Partnering with Trimble allows us to do more of that work in the digital space, refining our performance virtually before we ever hit the track. That kind of innovation is not only smart, it's essential in today's competitive environment.' ___
Hamilton Spectator
23-05-2025
- Automotive
- Hamilton Spectator
Trimble to become primary sponsor on Buescher, Preece NASCAR Cup Series cars beginning in 2025
CONCORD, N.C. (AP) — Roush Fenway Keselowski Racing announced Friday a multi-year sponsor partnership with Trimble beginning in the 2025 NASCAR Cup Series season. Trimble will be the primary sponsor on Ryan Preece's No. 60 Ford Mustang and Chris Buescher's No. 17 Ford Mustang, beginning with Preece's entry at Nashville Superspeedway on June 1. In addition, it was announced that Trimble will increase its involvement across RFK Racing's full fleet in upcoming seasons, including Brad Keselowski's No. 6 Ford Mustang. Trimble is a global technology company that enables essential industries including construction, geospatial and transportation. 'This is a high-profile opportunity to expand awareness of Trimble by supporting a leading NASCAR team with a technology vision closely aligned with our own,' Trimble president and CEO Rob Painter said. 'Both organizations focus on cohesive technology ecosystems and data-driven precision as the formula for winning in dynamic and intensely competitive environments.' Trimble employs more than 12,000 people worldwide and serves customers in over 175 countries. The company reported $3.68 billion in revenue in 2024, according to a release. 'Partnering with a forward-thinking, technology-driven company like Trimble is a great fit for RFK Racing,' said Steve Newmark, president of RFK Racing. 'Our team and Trimble operate in fast-paced, high-performance environments that demand precision and innovation. Their deep expertise and commitment to technology will bring valuable perspective and collaboration to our program.' Trimble is also set to join the RFK TeK Alliance, a collaborative platform where technology-oriented sponsors work together to test and refine products in applied racing and operational environments. 'Every week in NASCAR feels like a science project, where we're constantly testing, learning, and improving,' said RFK Racing driver and co-owner Brad Keselowski. 'Partnering with Trimble allows us to do more of that work in the digital space, refining our performance virtually before we ever hit the track. That kind of innovation is not only smart, it's essential in today's competitive environment.' ___ AP auto racing:
Fox Sports
23-05-2025
- Automotive
- Fox Sports
Trimble to become primary sponsor on Buescher, Preece NASCAR Cup Series cars beginning in 2025
Associated Press CONCORD, N.C. (AP) — Roush Fenway Keselowski Racing announced Friday a multi-year sponsor partnership with Trimble beginning in the 2025 NASCAR Cup Series season. Trimble will be the primary sponsor on Ryan Preece's No. 60 Ford Mustang and Chris Buescher's No. 17 Ford Mustang, beginning with Preece's entry at Nashville Superspeedway on June 1. In addition, it was announced that Trimble will increase its involvement across RFK Racing's full fleet in upcoming seasons, including Brad Keselowski's No. 6 Ford Mustang. Trimble is a global technology company that enables essential industries including construction, geospatial and transportation. 'This is a high-profile opportunity to expand awareness of Trimble by supporting a leading NASCAR team with a technology vision closely aligned with our own,' Trimble president and CEO Rob Painter said. 'Both organizations focus on cohesive technology ecosystems and data-driven precision as the formula for winning in dynamic and intensely competitive environments.' Trimble employs more than 12,000 people worldwide and serves customers in over 175 countries. The company reported $3.68 billion in revenue in 2024, according to a release. 'Partnering with a forward-thinking, technology-driven company like Trimble is a great fit for RFK Racing,' said Steve Newmark, president of RFK Racing. 'Our team and Trimble operate in fast-paced, high-performance environments that demand precision and innovation. Their deep expertise and commitment to technology will bring valuable perspective and collaboration to our program.' Trimble is also set to join the RFK TeK Alliance, a collaborative platform where technology-oriented sponsors work together to test and refine products in applied racing and operational environments. 'Every week in NASCAR feels like a science project, where we're constantly testing, learning, and improving,' said RFK Racing driver and co-owner Brad Keselowski. 'Partnering with Trimble allows us to do more of that work in the digital space, refining our performance virtually before we ever hit the track. That kind of innovation is not only smart, it's essential in today's competitive environment.' ___ AP auto racing: recommended in this topic
Winnipeg Free Press
23-05-2025
- Automotive
- Winnipeg Free Press
Trimble to become primary sponsor on Buescher, Preece NASCAR Cup Series cars beginning in 2025
CONCORD, N.C. (AP) — Roush Fenway Keselowski Racing announced Friday a multi-year sponsor partnership with Trimble beginning in the 2025 NASCAR Cup Series season. Trimble will be the primary sponsor on Ryan Preece's No. 60 Ford Mustang and Chris Buescher's No. 17 Ford Mustang, beginning with Preece's entry at Nashville Superspeedway on June 1. In addition, it was announced that Trimble will increase its involvement across RFK Racing's full fleet in upcoming seasons, including Brad Keselowski's No. 6 Ford Mustang. Trimble is a global technology company that enables essential industries including construction, geospatial and transportation. 'This is a high-profile opportunity to expand awareness of Trimble by supporting a leading NASCAR team with a technology vision closely aligned with our own,' Trimble president and CEO Rob Painter said. 'Both organizations focus on cohesive technology ecosystems and data-driven precision as the formula for winning in dynamic and intensely competitive environments.' Trimble employs more than 12,000 people worldwide and serves customers in over 175 countries. The company reported $3.68 billion in revenue in 2024, according to a release. 'Partnering with a forward-thinking, technology-driven company like Trimble is a great fit for RFK Racing,' said Steve Newmark, president of RFK Racing. 'Our team and Trimble operate in fast-paced, high-performance environments that demand precision and innovation. Their deep expertise and commitment to technology will bring valuable perspective and collaboration to our program.' Trimble is also set to join the RFK TeK Alliance, a collaborative platform where technology-oriented sponsors work together to test and refine products in applied racing and operational environments. 'Every week in NASCAR feels like a science project, where we're constantly testing, learning, and improving,' said RFK Racing driver and co-owner Brad Keselowski. 'Partnering with Trimble allows us to do more of that work in the digital space, refining our performance virtually before we ever hit the track. That kind of innovation is not only smart, it's essential in today's competitive environment.' Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. ___ AP auto racing:
