Insider Selling: Trimble Inc. (NASDAQ:TRMB) Director Sells 2,141 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 2,141 shares of Trimble 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 sale, the director now owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Trimble Stock Performance

TRMB traded up $0.03 during trading hours on Wednesday, reaching $71.39. The company’s stock had a trading volume of 1,724,537 shares, compared to its average volume of 1,375,344. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The firm has a market cap of $17.55 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company’s 50-day moving average is $73.20 and its 200-day moving average is $66.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. Sanford C. Bernstein boosted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $86.00.

Institutional Trading of Trimble

Several hedge funds and other institutional investors have recently modified their holdings of TRMB. Crowley Wealth Management Inc. bought a new position in Trimble during the 4th quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC increased its stake in 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 worth $37,000 after acquiring an additional 520 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Institutional investors 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.