Trimble Inc. (NASDAQ:TRMB) VP Sells $266,932.25 in Stock

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $77.40 on Thursday. The company has a market cap of $19.02 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.17 and a beta of 1.52. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The firm’s fifty day moving average is $72.46 and its two-hundred day moving average is $63.39.

Institutional Investors Weigh In On Trimble

Several large investors have recently made changes to their positions in TRMB. TD Private Client Wealth LLC grew its holdings in 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 valued at $37,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Trimble during the 3rd quarter valued at approximately $49,000. Friedenthal Financial purchased a new position in shares of Trimble in the fourth quarter valued at $49,000. Cromwell Holdings LLC increased its position in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the third quarter valued at $76,000. 93.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TRMB shares. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Finally, Oppenheimer upped their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $84.86.

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.