Jennifer Allison Sells 3,156 Shares of Trimble Inc. (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB - Get Free Report) VP Jennifer Allison sold 3,156 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the completion of the sale, the vice president owned 2,882 shares in the company, valued at $230,560. This represents a 52.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Trimble Trading Up 0.3%

Shares of TRMB traded up $0.21 during midday trading on Monday, hitting $80.20. The stock had a trading volume of 944,243 shares, compared to its average volume of 1,506,466. The stock's 50 day moving average is $72.69 and its 200 day moving average is $70.00. The firm has a market cap of $19.13 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 3.41 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $81.66.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. During the same period in the prior year, the firm posted $0.64 EPS. The firm's revenue was down 11.8% compared to the same quarter last year. As a group, analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRMB shares. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $89.43.

Institutional Investors Weigh In On Trimble

Institutional investors and hedge funds have recently modified their holdings of the business. Crowley Wealth Management Inc. bought a new position in Trimble in the 4th quarter valued at $28,000. Central Pacific Bank Trust Division boosted its stake in shares of Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 355 shares during the period. Flaharty Asset Management LLC bought a new position in shares of Trimble in the first quarter worth about $45,000. Putney Financial Group LLC purchased a new position in Trimble in the 4th quarter worth about $51,000. Finally, Quarry LP lifted its holdings in Trimble by 121.8% during the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 402 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

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.

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