Trimble (NASDAQ:TRMB) Stock Rating Upgraded by Cfra

Trimble (NASDAQ:TRMB) was upgraded by stock analysts at Cfra from a “buy” rating to a “strong-buy” rating in a report released on Thursday,Briefing.com Automated Import reports. The firm presently has a $92.00 target price on the scientific and technical instruments company’s stock. Cfra’s price target indicates a potential upside of 21.74% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer upped their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $85.75.

Trimble Price Performance

TRMB stock opened at $75.57 on Thursday. The company has a market capitalization of $18.57 billion, a P/E ratio of 12.64, a PEG ratio of 3.15 and a beta of 1.53. Trimble has a twelve month low of $48.65 and a twelve month high of $77.78. The business has a 50 day simple moving average of $73.37 and a 200-day simple moving average of $66.08. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. KBC Group NV increased its position 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 buying an additional 71,891 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Trimble by 22.2% in the third 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 in the last quarter. Benjamin Edwards Inc. increased its position in shares of Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after buying an additional 17,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Trimble by 768.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

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.