Trimble Inc. (NASDAQ:TRMB) Director Sells $153,702.39 in Stock

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Trimble Trading Up 1.8 %

Trimble stock opened at $71.98 on Friday. The firm’s 50-day moving average is $73.22 and its 200-day moving average is $66.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The company has a market cap of $17.69 billion, a P/E ratio of 11.82, a PEG ratio of 3.09 and a beta of 1.53.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRMB. Robert W. Baird upped their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $86.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRMB. Blue Trust Inc. lifted its position in shares of Trimble by 93.9% in the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock worth $77,000 after buying an additional 600 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Trimble by 78.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock valued at $1,783,000 after purchasing an additional 12,660 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 219 shares during the last quarter. International Assets Investment Management LLC lifted its position in Trimble by 6,109.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,578 shares of the scientific and technical instruments company’s stock valued at $1,029,000 after purchasing an additional 16,311 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Trimble by 359.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,430 shares of the scientific and technical instruments company’s stock valued at $3,602,000 after purchasing an additional 45,720 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

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.