Key Points
- Director James Calvin Dalton sold 616 shares on Nov. 28 at an average price of $81.99, totaling $50,505.84, trimming his stake by 4.46% to 13,193 shares; the sale is reported in an SEC Form 4 filing.
- Trimble shares recently traded around $82.23 with a 1‑year range of $52.91–$87.50 and a market cap of about $19.56 billion, while the stock carries a P/E of 70.89.
- Analysts are broadly positive—MarketBeat shows a consensus "Buy" with a $94.18 target and multiple upgrades from firms including JPMorgan, Raymond James and Oppenheimer, and a "strong-buy" from Zacks.
Trimble Inc. (NASDAQ:TRMB - Get Free Report) Director James Calvin Dalton sold 616 shares of the business's stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the completion of the transaction, the director directly owned 13,193 shares of the company's stock, valued at approximately $1,081,694.07. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Trimble Price Performance
Trimble stock opened at $82.23 on Wednesday. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a 50 day moving average price of $79.35 and a 200 day moving average price of $78.75. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 70.89, a PEG ratio of 3.26 and a beta of 1.60.
Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million for the quarter. Sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $96.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Raymond James Financial reaffirmed an "outperform" rating and issued a $93.00 price objective (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Oppenheimer reissued an "outperform" rating and set a $102.00 target price on shares of Trimble in a report on Thursday, November 6th. Weiss Ratings restated a "hold (c)" rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Trimble from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Trimble has an average rating of "Buy" and a consensus target price of $94.18.
Check Out Our Latest Stock Analysis on TRMB
Institutional Trading of Trimble
A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. CX Institutional boosted its holdings in shares of Trimble by 11.7% in the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company's stock worth $536,000 after acquiring an additional 739 shares in the last quarter. Boston Partners raised its holdings in Trimble by 14.4% during the 2nd quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company's stock worth $318,285,000 after buying an additional 525,214 shares during the period. Swiss National Bank lifted its position in Trimble by 8.0% in the 2nd quarter. Swiss National Bank now owns 744,000 shares of the scientific and technical instruments company's stock valued at $56,529,000 after acquiring an additional 55,300 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Trimble by 57.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company's stock worth $1,590,000 after purchasing an additional 7,660 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Trimble by 9.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 82,557 shares of the scientific and technical instruments company's stock valued at $6,273,000 after buying an additional 6,873 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
About Trimble
(
Get Free Report)
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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