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

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were 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 directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Trimble Price Performance

Trimble stock opened at $77.42 on Friday. 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 capitalization of $19.03 billion, a P/E ratio of 12.95, a PEG ratio of 3.21 and a beta of 1.52. The business has a 50-day moving average of $72.74 and a 200-day moving average of $63.64. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research reports. Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Oppenheimer boosted their price objective on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $84.86.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRMB. One Wealth Advisors LLC raised its holdings in Trimble by 29.0% in the fourth quarter. One Wealth Advisors LLC now owns 7,046 shares of the scientific and technical instruments company’s stock worth $498,000 after purchasing an additional 1,582 shares during the period. McAdam LLC raised its stake in Trimble by 13.4% during the 4th quarter. McAdam LLC now owns 7,788 shares of the scientific and technical instruments company’s stock worth $550,000 after buying an additional 920 shares during the period. SYM FINANCIAL Corp lifted its holdings in Trimble by 4.4% during the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock worth $290,000 after acquiring an additional 172 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Trimble by 8.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,094 shares of the scientific and technical instruments company’s stock valued at $572,000 after acquiring an additional 622 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in shares of Trimble by 7.2% in the fourth quarter. Capital Insight Partners LLC now owns 7,820 shares of the scientific and technical instruments company’s stock worth $553,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds 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.