Shares of Trimble Inc. (NASDAQ:TRMB - Get Free Report) have received a consensus rating of "Buy" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $86.00.
A number of brokerages have recently commented on TRMB. Robert W. Baird upped their target price on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Piper Sandler restated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th.
View Our Latest Stock Report on Trimble
Insiders Place Their Bets
In related news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 over the last three months. 0.47% of the stock is owned by insiders.
Institutional Trading of 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 shares of Trimble during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Trimble during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC grew its stake 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 valued at $37,000 after purchasing an additional 520 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Trimble by 174.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 355 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
Trimble Stock Down 9.4 %
NASDAQ TRMB traded down $6.23 on Tuesday, reaching $60.28. 1,812,017 shares of the stock traded hands, compared to its average volume of 1,379,724. 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 company has a market cap of $14.82 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.09 and a beta of 1.57. The company has a fifty day moving average price of $71.53 and a 200-day moving average price of $69.14. Trimble has a 12 month low of $48.65 and a 12 month high of $77.78.
Trimble Company Profile
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Get Free ReportTrimble 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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