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 firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Trimble Stock Performance

Shares of TRMB opened at $71.98 on Friday. The firm’s 50 day moving average is $73.22 and its 200-day moving average is $66.97. The stock has a market capitalization of $17.69 billion, a P/E ratio of 11.82, 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 current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Analysts Set New Price Targets

Several research firms have commented on TRMB. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Seven investment 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.com, Trimble has an average rating of “Buy” and an average target price of $86.00.

Hedge Funds Weigh In On Trimble

Several hedge funds have recently made changes to their positions in TRMB. Blue Trust Inc. increased its position in shares of Trimble by 93.9% in the third quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock worth $77,000 after acquiring an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Trimble by 78.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock worth $1,783,000 after acquiring an additional 12,660 shares in the last quarter. Sequoia Financial Advisors LLC increased its position 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 worth $247,000 after acquiring an additional 219 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Trimble by 6,109.0% in the third quarter. International Assets Investment Management LLC now owns 16,578 shares of the scientific and technical instruments company’s stock worth $1,029,000 after acquiring an additional 16,311 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Trimble by 359.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,430 shares of the scientific and technical instruments company’s stock worth $3,602,000 after acquiring an additional 45,720 shares in the last quarter. 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.