Mark David Schwartz Sells 1,404 Shares of Trimble Inc. (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB - Get Free Report) VP Mark David Schwartz sold 1,404 shares of Trimble stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $112,320.00. Following the completion of the transaction, the vice president directly owned 21,001 shares of the company's stock, valued at $1,680,080. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mark David Schwartz also recently made the following trade(s):

• On Thursday, July 3rd, Mark David Schwartz sold 1,476 shares of Trimble stock. The stock was sold at an average price of $78.00, for a total transaction of $115,128.00.

Trimble Price Performance

NASDAQ TRMB traded up $0.21 during mid-day 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. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $81.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. The firm's 50 day moving average is $72.69 and its 200 day moving average is $70.00. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.41 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping 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 firm had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. During the same period last year, the firm posted $0.64 earnings per share. The company's revenue for the quarter was down 11.8% on a year-over-year basis. Equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble in the 4th quarter valued at approximately $28,000. Central Pacific Bank Trust Division raised its position in shares of Trimble by 174.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 355 shares during the period. Flaharty Asset Management LLC acquired a new position in Trimble in the first quarter valued at approximately $45,000. Putney Financial Group LLC purchased a new position in Trimble in the fourth quarter worth approximately $51,000. Finally, Quarry LP increased its stake in Trimble by 121.8% during the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock worth $52,000 after acquiring an additional 402 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRMB. JPMorgan Chase & Co. upped their price target on Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday. Piper Sandler reiterated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $89.43.

About Trimble

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.