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 shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Trimble Stock Performance

TRMB opened at $77.49 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $72.60 and its two-hundred day moving average price is $63.49. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.73. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.17 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRMB. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Wolfe Research raised 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 increased their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble has a consensus rating of “Buy” and a consensus price target of $84.86.

Institutional Trading of Trimble

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farrow Financial Inc. raised its holdings in shares of Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 193 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Trimble by 4.6% in the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after purchasing an additional 219 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Trimble by 5.8% in the third 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. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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.