James Calvin Dalton Sells 2,141 Shares of Trimble Inc. (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trimble Trading Down 1.0 %

NASDAQ:TRMB opened at $70.68 on Friday. The company has a 50 day simple moving average of $73.21 and a two-hundred day simple moving average of $66.83. The company has a market cap 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 company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

Institutional Trading of Trimble

Large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Trimble during the 4th quarter valued at about $190,391,000. Boston Partners grew its position in Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after buying an additional 2,312,937 shares during the period. Select Equity Group L.P. increased its holdings in Trimble by 22.4% during the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock valued at $717,506,000 after buying an additional 1,857,517 shares during the last quarter. Victory Capital Management Inc. raised its position in Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after acquiring an additional 1,594,732 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Trimble during the 4th quarter worth $50,041,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several recent analyst reports. StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Trimble currently has a consensus rating of “Buy” and an average 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.