Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison Sells 3,571 Shares

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Trimble Stock Up 1.3 %

Trimble stock opened at $77.40 on Thursday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.73. The stock has a fifty day simple moving average of $72.46 and a two-hundred day simple moving average of $63.39. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.17 and a beta of 1.52.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRMB. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus target price of $84.86.

Institutional Investors Weigh In On Trimble

Several large investors have recently bought and sold shares of TRMB. TD Private Client Wealth LLC boosted its holdings in shares of 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 valued at $37,000 after acquiring an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Trimble during the third quarter valued at approximately $49,000. Friedenthal Financial purchased a new stake in Trimble in the fourth quarter worth approximately $49,000. Cromwell Holdings LLC grew its position in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the 3rd quarter valued at $76,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Company Profile

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.