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

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Trimble Trading Up 1.3 %

Shares of NASDAQ TRMB traded up $0.97 during mid-day trading on Wednesday, hitting $77.40. 1,098,602 shares of the company traded hands, compared to its average volume of 1,251,639. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.73. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.11 and a beta of 1.52. The business has a 50 day moving average of $72.37 and a two-hundred day moving average of $63.30.

Analyst Ratings Changes

A number of research firms recently commented on TRMB. Oppenheimer raised their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and a consensus price target of $84.86.

Institutional Trading of Trimble

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Trimble by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 16,067 shares of the scientific and technical instruments company’s stock valued at $898,000 after acquiring an additional 3,507 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Trimble by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 228,235 shares of the scientific and technical instruments company’s stock valued at $12,763,000 after purchasing an additional 13,845 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Trimble by 24.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after buying an additional 361,421 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Trimble during the second quarter valued at $331,000. Finally, Mercer Global Advisors Inc. ADV raised its position in Trimble by 22.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,611 shares of the scientific and technical instruments company’s stock valued at $929,000 after buying an additional 3,026 shares during the period. 93.21% of the stock is owned by hedge funds and other 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.