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 company’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 value of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Trimble Stock Up 0.0 %

TRMB opened at $71.39 on Thursday. The firm has a 50-day simple moving average of $73.21 and a two-hundred day simple moving average of $66.80. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a market capitalization of $17.55 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

A number of research firms have weighed in on TRMB. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $86.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TRMB. Cullen Frost Bankers Inc. lifted its holdings in shares of Trimble by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after acquiring an additional 141 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in Trimble by 0.5% in the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock worth $2,017,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Trimble by 12.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 149 shares during the last quarter. M&T Bank Corp increased its position in shares of Trimble by 1.6% during the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock worth $717,000 after acquiring an additional 156 shares during the period. Finally, Huntington National Bank increased its position in shares of Trimble by 10.4% during the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company’s stock worth $125,000 after acquiring an additional 167 shares during the period. Institutional investors own 93.21% of the company’s stock.

About Trimble

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.