Insider Selling: Trimble Inc. (NASDAQ:TRMB) VP Sells 5,709 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trimble Trading Up 1.8 %

Shares of TRMB stock opened at $71.98 on Friday. The firm’s fifty day simple moving average is $73.22 and its 200 day simple moving average is $67.07. The firm has a market capitalization of $17.69 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a current ratio of 1.27, a quick ratio of 1.07 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 $77.78.

Hedge Funds Weigh In On Trimble

Several large investors have recently added to or reduced their stakes in TRMB. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Trimble in the 4th quarter valued at $18,254,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Trimble by 43.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,764 shares of the scientific and technical instruments company’s stock worth $407,000 after purchasing an additional 1,737 shares in the last quarter. Putney Financial Group LLC acquired a new position in Trimble during the 4th quarter worth $51,000. Forum Financial Management LP boosted its holdings in Trimble by 33.6% in the fourth quarter. Forum Financial Management LP now owns 5,050 shares of the scientific and technical instruments company’s stock valued at $357,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Trimble by 26.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 114,446 shares of the scientific and technical instruments company’s stock valued at $8,087,000 after purchasing an additional 23,976 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRMB. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird boosted 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. Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Finally, StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $86.00.

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.