Trimble Inc. (NASDAQ:TRMB) Receives $84.86 Consensus Target Price from Brokerages

Shares of Trimble Inc. (NASDAQ:TRMB) have earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $84.86.

Several research analysts have weighed in on TRMB shares. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Oppenheimer increased 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. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Robert W. Baird boosted 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. Finally, Sanford C. Bernstein raised their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was 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 owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the 4th quarter worth $36,000. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 422 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 0.7 %

NASDAQ TRMB opened at $73.29 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble has a 1-year low of $48.65 and a 1-year high of $77.78. The firm’s fifty day simple moving average is $73.37 and its 200-day simple moving average is $65.34. The company has a market capitalization of $18.01 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

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.