Trimble Inc. (NASDAQ:TRMB) Given Consensus Recommendation of “Buy” by Analysts

Shares of Trimble Inc. (NASDAQ:TRMB) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $86.00.

TRMB has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday.

Trimble Price Performance

NASDAQ TRMB opened at $67.65 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a 50 day simple moving average of $73.07 and a 200-day simple moving average of $67.39. Trimble has a 52-week low of $48.65 and a 52-week high of $77.78.

Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble 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 in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Institutional Trading of Trimble

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new stake in Trimble in the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Trimble during the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC raised its stake in shares of Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 422 shares during the period. 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.