JPMorgan Chase & Co. upgraded shares of Trimble (NASDAQ:TRMB) from a neutral rating to an overweight rating in a research note issued to investors on Thursday, MarketBeat reports. They currently have $40.00 price target on the scientific and technical instruments company’s stock, down from their previous price target of $41.00.
A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Trimble from a buy rating to a hold rating in a research report on Saturday, January 5th. BidaskClub lowered Trimble from a hold rating to a sell rating in a research report on Wednesday, December 12th. Finally, Robert W. Baird boosted their target price on Trimble from $44.00 to $47.00 and gave the company an outperform rating in a research report on Friday, November 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $42.50.
Shares of NASDAQ TRMB opened at $35.21 on Thursday. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.77 and a beta of 2.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.08. Trimble has a 52-week low of $29.75 and a 52-week high of $45.70.
In other news, insider James A. Kirkland sold 14,292 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $39.37, for a total transaction of $562,676.04. Following the sale, the insider now owns 51,436 shares of the company’s stock, valued at $2,025,035.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Darryl R. Matthews sold 2,400 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $37.21, for a total value of $89,304.00. Following the sale, the senior vice president now directly owns 13,841 shares in the company, valued at approximately $515,023.61. The disclosure for this sale can be found here. Insiders have sold 19,242 shares of company stock worth $744,907 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds have recently modified their holdings of TRMB. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Trimble by 215.3% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock worth $104,000 after purchasing an additional 1,636 shares in the last quarter. Csenge Advisory Group acquired a new position in shares of Trimble during the third quarter worth $108,000. Korea Investment CORP acquired a new position in shares of Trimble during the second quarter worth $131,000. Commerce Bank acquired a new position in shares of Trimble during the third quarter worth $211,000. Finally, Argent Trust Co acquired a new position in shares of Trimble during the second quarter worth $214,000. Hedge funds and other institutional investors own 90.31% 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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
Featured Article: What is a stock split?
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.