Trimble Inc (STU:TB5)
€ 56.06 -0.26 (-0.46%) Market Cap: 13.84 Bil Enterprise Value: 14.72 Bil PE Ratio: 10.02 PB Ratio: 2.66 GF Score: 80/100

Trimble Inc at JPMorgan Global Technology, Media and Communications Conference Transcript

May 14, 2019 / 08:00PM GMT
Release Date Price: €36.23 (+1.48%)
Mark Wesley Strouse
JP Morgan Chase & Co, Research Division - Alternative Energy and Applied & Emerging Technologies Analyst

Great. Well, thank you all for coming. Welcome to the 47th Annual J.P. Morgan TMC Conference. My name is Mark Strouse. I cover applied and emerging technologies here at J.P. Morgan.

Very happy to have Rob Painter, the CFO of Trimble Inc. with us today. So Trimble is a company that Paul Coster and I covered for over a decade or so. But with its $10 billion market cap that it's grown into, it's kind of graduated into bigger things. So the stock is now covered by Ann Duignan, our machinery analyst. She has an overweight rating and a $46 price target.

With that, we'll get started. So Rob, just for some folks that are new to the company in the room, can you just kind of give a brief overview of what Trimble is all about?

Robert G. Painter
Trimble Inc. - CFO & Senior VP

So the -- if you think about the why of Trimble, we exist to transform industries. And if you think about our context, we see these days of the

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