Trimble Inc. (NASDAQ:TRMB - Get Free Report) VP Mark David Schwartz sold 1,476 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $78.00, for a total transaction of $115,128.00. Following the completion of the sale, the vice president directly owned 22,405 shares of the company's stock, valued at $1,747,590. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Trimble Trading Up 0.4%
NASDAQ TRMB traded up $0.30 on Wednesday, hitting $79.62. 1,319,485 shares of the company were exchanged, compared to its average volume of 1,400,770. The firm has a market capitalization of $19.00 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.67. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $79.77. 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 company's 50 day moving average price is $72.01 and its 200-day moving average price is $69.91.
Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The firm's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on TRMB shares. Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $88.43.
Read Our Latest Report on Trimble
Institutional Investors Weigh In On Trimble
Several large investors have recently made changes to their positions in TRMB. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter valued at approximately $211,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the fourth quarter worth approximately $36,000. Steward Partners Investment Advisory LLC boosted its position in Trimble by 8.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,610 shares of the scientific and technical instruments company's stock worth $184,000 after purchasing an additional 193 shares during the period. Assetmark Inc. boosted its position in Trimble by 5.0% during the fourth quarter. Assetmark Inc. now owns 6,027 shares of the scientific and technical instruments company's stock worth $426,000 after purchasing an additional 287 shares during the period. Finally, Atria Investments Inc boosted its position in Trimble by 15.4% during the fourth quarter. Atria Investments Inc now owns 4,022 shares of the scientific and technical instruments company's stock worth $284,000 after purchasing an additional 537 shares during the period. Institutional investors own 93.21% of the company's stock.
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.
Further Reading
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