Trimble Inc. (NASDAQ:TRMB) Receives Average Rating of "Buy" from Analysts

Trimble Inc. (NASDAQ:TRMB - Get Free Report) has received a consensus rating of "Buy" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $86.00.

Several analysts have issued reports on the company. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trimble

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its holdings in 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 purchasing an additional 141 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Trimble by 0.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock valued at $2,017,000 after buying an additional 141 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of 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 valued at $93,000 after buying an additional 149 shares during the period. M&T Bank Corp lifted its stake in shares of Trimble by 1.6% in the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock valued at $717,000 after buying an additional 156 shares during the period. Finally, Huntington National Bank grew its position in 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 buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $61.71 on Friday. The company has a market capitalization of $15.17 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a fifty day moving average of $65.32 and a 200-day moving average of $68.80. Trimble has a one year low of $48.65 and a one year high of $77.78.

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.

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