Trimble Inc. (NASDAQ:TRMB) VP Sells $411,048.00 in Stock

Trimble Inc. (NASDAQ:TRMB) VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Trimble Stock Down 1.1 %

Shares of NASDAQ TRMB traded down $0.75 during trading hours on Thursday, hitting $70.64. 1,375,634 shares of the stock were exchanged, compared to its average volume of 1,375,748. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The firm has a fifty day moving average price of $73.21 and a 200-day moving average price of $66.80. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.36 billion, a PE ratio of 11.65, a PEG ratio of 3.09 and a beta of 1.53.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRMB shares. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $86.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in Trimble during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble in the fourth quarter valued at about $36,000. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 422 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.