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

Trimble Inc. (NASDAQ:TRMB) VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $70.68 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.37 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The firm’s 50 day moving average price is $73.21 and its 200-day moving average price is $66.83. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRMB. Norges Bank purchased a new position in Trimble during the fourth quarter valued at $190,391,000. Boston Partners raised its stake in shares of Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after buying an additional 2,312,937 shares during the period. Select Equity Group L.P. raised its stake in shares of Trimble by 22.4% in the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock worth $717,506,000 after buying an additional 1,857,517 shares during the period. Victory Capital Management Inc. lifted its position in shares of Trimble by 41.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after buying an additional 1,594,732 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in shares of Trimble during the 4th quarter valued at approximately $50,041,000. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRMB has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Robert W. Baird boosted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trimble 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.