Trimble Inc. (NASDAQ:TRMB – Get Free Report) SVP Darryl R. Matthews sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $41.08, for a total value of $102,700.00. Following the completion of the transaction, the senior vice president now directly owns 53,638 shares in the company, valued at $2,203,449.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Trimble Stock Performance
Shares of NASDAQ:TRMB opened at $43.37 on Thursday. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $62.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.07. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 1.92 and a beta of 1.53. The firm’s 50 day simple moving average is $48.59 and its 200 day simple moving average is $50.46.
Analyst Upgrades and Downgrades
Several research firms have weighed in on TRMB. Raymond James upgraded shares of Trimble from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Friday, September 29th. JPMorgan Chase & Co. lowered their price target on shares of Trimble from $56.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Friday, November 10th. The Goldman Sachs Group lowered their target price on Trimble from $66.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, Piper Sandler decreased their price target on Trimble from $51.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.86.
Hedge Funds Weigh In On Trimble
Several institutional investors and hedge funds have recently made changes to their positions in TRMB. IFP Advisors Inc lifted its holdings in Trimble by 798.1% during the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 415 shares in the last quarter. Clear Street Markets LLC raised its position in shares of Trimble by 93.2% during the first quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 234 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Trimble by 73.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 666 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Trimble in the 2nd quarter valued at approximately $42,000. Finally, Operose Advisors LLC bought a new stake in Trimble during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 90.20% of the company’s stock.
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 route selection and design; 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.
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