Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert G. Painter sold 3,500 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at $11,472,187.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Trimble Price Performance
Shares of TRMB opened at $62.03 on Friday. The firm has a fifty day moving average price of $60.74 and a 200 day moving average price of $52.91. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The stock has a market cap of $15.24 billion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.50.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $908.43 million. During the same period in the prior year, the company earned $0.52 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.
Institutional Investors Weigh In On Trimble
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Institutional investors and hedge funds have recently made changes to their positions in the business. Clear Street Markets LLC raised its holdings in shares of Trimble by 93.2% in the first quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 234 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Trimble by 798.1% during the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 415 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Trimble during the fourth quarter worth about $26,000. Itau Unibanco Holding S.A. acquired a new position in shares of Trimble during the second quarter worth about $42,000. Finally, Operose Advisors LLC acquired a new position in shares of Trimble during the third quarter worth about $43,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Robert W. Baird lifted their target price on shares of Trimble from $59.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, February 13th. Oppenheimer lifted their target price on shares of Trimble from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, March 14th. Piper Sandler restated an "overweight" rating and issued a $73.00 price target on shares of Trimble in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of "Moderate Buy" and an average target price of $64.83.
View Our Latest Report on Trimble
About Trimble
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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.
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