Trimble Inc. (NASDAQ:TRMB - Get Free Report) VP Christopher F. Keating sold 5,709 shares of Trimble 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Trimble Stock Performance
NASDAQ:TRMB traded down $2.30 during mid-day trading on Monday, hitting $69.68. 1,878,548 shares of the company's stock traded hands, compared to its average volume of 1,284,253. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The firm has a 50 day moving average of $73.19 and a two-hundred day moving average of $67.27. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.
Analyst Ratings Changes
A number of research firms have recently weighed in on TRMB. JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Finally, Piper Sandler restated an "overweight" rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trimble has an average rating of "Buy" and an average target price of $86.00.
Read Our Latest Stock Analysis on Trimble
Institutional Investors Weigh In On Trimble
Several hedge funds have recently modified their holdings of TRMB. Vanguard Group Inc. raised its stake in Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after purchasing an additional 183,150 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Trimble by 22.4% during the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock valued at $717,506,000 after buying an additional 1,857,517 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after buying an additional 138,136 shares during the period. Victory Capital Management Inc. grew its position in Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after buying an additional 222,679 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Trimble by 2.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock valued at $390,909,000 after acquiring an additional 134,277 shares during the period. 93.21% of the stock is owned by institutional investors.
About Trimble
(
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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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