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

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated 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 transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Trimble Stock Performance

Trimble stock opened at $77.42 on Friday. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The stock has a fifty day moving average price of $72.74 and a two-hundred day moving average price of $63.64. The firm has a market capitalization of $19.03 billion, a P/E ratio of 12.95, a P/E/G ratio of 3.21 and a beta of 1.52.

Analyst Ratings Changes

TRMB has been the subject of several research reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. Oppenheimer lifted their price objective on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report 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 research note on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble has an average rating of “Buy” and a consensus price target of $84.86.

Institutional Investors Weigh In On Trimble

A number of hedge funds have recently made changes to their positions in TRMB. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter worth approximately $49,000. Friedenthal Financial acquired a new stake in Trimble during the 4th quarter valued at $49,000. Cromwell Holdings LLC raised its position in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Trimble in the third quarter worth $76,000. Institutional investors and hedge funds 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.