Trimble Inc. (NASDAQ:TRMB) CEO Sells $218,750.00 in Stock

Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares of the company's stock, valued at $11,472,187.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Trimble Stock Performance

TRMB traded up $0.51 during midday trading on Thursday, reaching $62.03. The company had a trading volume of 1,333,746 shares, compared to its average volume of 1,445,611. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a market cap of $15.24 billion, a PE ratio of 49.62, a P/E/G ratio of 2.79 and a beta of 1.50. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55. The business has a 50-day moving average price of $60.74 and a two-hundred day moving average price of $52.91.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $932.40 million for the quarter, compared to analysts' expectations of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. On average, sell-side analysts expect that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRMB. Clear Street Markets LLC raised its position 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 purchasing an additional 234 shares during the period. IFP Advisors Inc raised its position in shares of Trimble by 798.1% in the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 415 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of Trimble in the fourth quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of Trimble in the second quarter valued at approximately $42,000. Finally, Operose Advisors LLC bought a new stake in shares of Trimble in the third quarter valued at approximately $43,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, March 14th. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a report on Saturday, February 10th. Robert W. Baird boosted their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. Finally, Piper Sandler restated an "overweight" rating and set a $73.00 price target on shares of Trimble in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.83.

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.