Trimble Inc. (NASDAQ:TRMB) Given Average Rating of “Hold” by Analysts

Shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $59.67.

Several equities research analysts have recently issued reports on the stock. Northcoast Research downgraded shares of Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, March 7th. Raymond James downgraded shares of Trimble from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th. Piper Sandler lowered their price objective on shares of Trimble from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 9th. Robert W. Baird decreased their price target on shares of Trimble from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Finally, Morgan Stanley lifted their price target on shares of Trimble from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 13th.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 1,500 shares of Trimble stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $53.20, for a total value of $79,800.00. Following the completion of the transaction, the director now directly owns 1,936 shares of the company’s stock, valued at $102,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James Calvin Dalton sold 1,500 shares of Trimble stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $53.20, for a total value of $79,800.00. Following the completion of the transaction, the director now directly owns 1,936 shares of the company’s stock, valued at $102,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Peter Large sold 950 shares of Trimble stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the transaction, the senior vice president now directly owns 154 shares of the company’s stock, valued at $7,870.94. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Trimble

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRMB. Victory Capital Management Inc. grew its position in shares of Trimble by 16.8% during the 4th quarter. Victory Capital Management Inc. now owns 158,646 shares of the scientific and technical instruments company’s stock worth $8,021,000 after buying an additional 22,832 shares during the period. Voya Investment Management LLC grew its position in shares of Trimble by 0.5% during the 4th quarter. Voya Investment Management LLC now owns 146,903 shares of the scientific and technical instruments company’s stock worth $7,427,000 after buying an additional 750 shares during the period. Natixis grew its position in shares of Trimble by 78.0% during the 4th quarter. Natixis now owns 44,460 shares of the scientific and technical instruments company’s stock worth $2,248,000 after buying an additional 19,477 shares during the period. Macquarie Group Ltd. grew its position in shares of Trimble by 1.5% during the 4th quarter. Macquarie Group Ltd. now owns 2,031,024 shares of the scientific and technical instruments company’s stock worth $102,689,000 after buying an additional 29,356 shares during the period. Finally, National Pension Service grew its position in shares of Trimble by 9.5% in the 4th quarter. National Pension Service now owns 466,972 shares of the scientific and technical instruments company’s stock valued at $23,610,000 after purchasing an additional 40,431 shares during the period. 89.49% of the stock is owned by institutional investors.

Trimble Trading Down 3.0 %

Shares of Trimble stock opened at $48.28 on Monday. The company’s fifty day simple moving average is $54.49 and its 200-day simple moving average is $56.22. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.65 and a beta of 1.58. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. Trimble has a 1 year low of $47.52 and a 1 year high of $74.87.

Trimble Company Profile

(Get Rating)

Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.