Trimble Inc. (NASDAQ:TRMB) Receives Consensus Rating of "Buy" from Analysts

Shares of Trimble Inc. (NASDAQ:TRMB - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $86.00.

A number of research analysts have recently commented on the stock. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Oppenheimer upped their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm'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. Company 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 stock. KBC Group NV grew its holdings in shares of Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock valued at $11,279,000 after acquiring an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Trimble by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after buying an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Trimble by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after acquiring an additional 17,785 shares during the period. Wellington Management Group LLP boosted its position in Trimble by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock worth $1,580,000 after purchasing an additional 5,472 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of Trimble during the 4th quarter valued at approximately $406,000. Institutional investors own 93.21% of the company's stock.

Trimble Stock Performance

TRMB traded up $1.07 during midday trading on Friday, reaching $63.21. The company's stock had a trading volume of 153,858 shares, compared to its average volume of 1,566,222. Trimble has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $15.08 billion, a P/E ratio of 10.37, a PEG ratio of 3.09 and a beta of 1.57. The company has a fifty day simple moving average of $64.63 and a 200 day simple moving average of $68.79.

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.