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Trimble's Plans to Sell Transportation Unit Boost Stock Price

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Trimble's Plans to Sell Transportation Unit Boost Stock Price

Trimble's plans to sell its Transportation and Logistics (T&L) segment have boosted its stock price. According to a report by Axios, Trimble is working with Goldman Sachs to sell the T&L segment, which includes its transportation management system (TMS) and mapping products. Trimble CEO Rob Painter did not comment on the plans to sell the T&L segment during the 2025 Insight conference. However, Oppenheimer analyst Kristen Owen said that the plans could help boost the company's stock price. Owen stated that Trimble's T&L segment has been a drag on the company's overall performance and that selling it could help simplify the company's portfolio and focus on more profitable areas. The news of the potential sale of the T&L segment comes as Trimble's stock price has been struggling in recent years. In August 2021, the stock price reached a high of $95, but it has since declined to around $53.73. The company's 52-week low was $47.92 on June 18, while its 52-week high was $87.50 on August 6. Trimble does not pay a dividend. Sonuç ve Analiz:

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