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 firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Trimble Stock Down 1.1 %

Shares of NASDAQ:TRMB traded down $0.80 on Thursday, hitting $70.59. 1,375,634 shares of the company’s stock were exchanged, compared to its average volume of 1,375,748. The company has a market capitalization of $17.35 billion, a PE ratio of 11.65, a P/E/G ratio of 3.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The firm’s 50-day moving average is $73.21 and its 200 day moving average is $66.80.

Hedge Funds Weigh In On Trimble

A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. Crowley Wealth Management Inc. acquired a new stake in Trimble in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new stake in Trimble in the 4th quarter valued at approximately $36,000. TD Private Client Wealth LLC increased its position in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRMB shares. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Finally, Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $86.00.

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.