Christopher F. Keating Sells 5,709 Shares of Trimble Inc. (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Trimble Stock Performance

NASDAQ TRMB opened at $71.98 on Friday. The business has a 50 day moving average price of $73.22 and a 200 day moving average price of $66.97. The company has a market capitalization of $17.69 billion, a P/E ratio of 11.82, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Institutional Trading of Trimble

Several large investors have recently bought and sold shares of TRMB. Blue Trust Inc. grew its stake in Trimble by 93.9% in the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 600 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Trimble by 78.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock valued at $1,783,000 after purchasing an additional 12,660 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 219 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Trimble by 6,109.0% during the 3rd quarter. International Assets Investment Management LLC now owns 16,578 shares of the scientific and technical instruments company’s stock worth $1,029,000 after purchasing an additional 16,311 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Trimble by 359.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,430 shares of the scientific and technical instruments company’s stock worth $3,602,000 after purchasing an additional 45,720 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRMB. Robert W. Baird increased their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus target price of $86.00.

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.