Trimble Inc. (NASDAQ:TRMB) SVP Sells $11,440.00 in Stock

Trimble Inc. (NASDAQ:TRMB) SVP Peter Large sold 176 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $65.00, for a total value of $11,440.00. Following the sale, the senior vice president now directly owns 5,718 shares in the company, valued at approximately $371,670. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Trimble Stock Performance

NASDAQ TRMB opened at $63.30 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $15.55 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.50. The business’s 50-day moving average price is $58.21 and its 200 day moving average price is $52.05. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55.

Trimble (NASDAQ:TRMB) last released its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business had revenue of $932.40 million for the quarter, compared to analysts’ expectations of $908.43 million. During the same period last year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

TRMB has been the subject of several research reports. Robert W. Baird boosted their target price on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Piper Sandler upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $51.00 to $68.00 in a research note on Tuesday, February 13th. Oppenheimer increased their target price on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Trimble by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock worth $1,554,164,000 after purchasing an additional 273,863 shares during the period. Generation Investment Management LLP lifted its position in Trimble by 89.5% during the fourth quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock valued at $652,787,000 after buying an additional 5,796,030 shares in the last quarter. State Street Corp grew its stake in Trimble by 3.1% during the second quarter. State Street Corp now owns 10,401,785 shares of the scientific and technical instruments company’s stock worth $550,670,000 after buying an additional 309,137 shares during the period. Select Equity Group L.P. increased its position in shares of Trimble by 0.3% in the fourth quarter. Select Equity Group L.P. now owns 8,088,186 shares of the scientific and technical instruments company’s stock worth $408,939,000 after acquiring an additional 26,670 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Trimble by 10.0% in the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after acquiring an additional 694,842 shares during the period. Institutional investors and hedge funds 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.