Trimble Inc. (NASDAQ:TRMB - Get Free Report) CEO Robert G. Painter sold 115,781 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the sale, the chief executive officer directly owned 114,879 shares of the company's stock, valued at $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Trimble Stock Down 1.7%
NASDAQ TRMB traded down $1.43 during midday trading on Friday, hitting $82.24. 2,024,643 shares of the company traded hands, compared to its average volume of 2,065,060. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market cap of $19.57 billion, a PE ratio of 70.90, a price-to-earnings-growth ratio of 3.43 and a beta of 1.69. The company's 50-day simple moving average is $79.11 and its 200-day simple moving average is $71.77. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $875.70 million for the quarter, compared to analysts' expectations of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.
Institutional Trading of Trimble
A number of institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its position in shares of Trimble by 20.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 295,202 shares of the scientific and technical instruments company's stock worth $22,464,000 after purchasing an additional 49,243 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Trimble in the 2nd quarter worth $54,000. Corient Private Wealth LLC boosted its position in shares of Trimble by 88.1% in the 2nd quarter. Corient Private Wealth LLC now owns 37,811 shares of the scientific and technical instruments company's stock worth $2,881,000 after purchasing an additional 17,706 shares in the last quarter. Captrust Financial Advisors lifted its position in Trimble by 4.2% during the 2nd quarter. Captrust Financial Advisors now owns 95,140 shares of the scientific and technical instruments company's stock worth $7,229,000 after acquiring an additional 3,848 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in Trimble by 19.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 82,845 shares of the scientific and technical instruments company's stock worth $6,295,000 after acquiring an additional 13,566 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on TRMB shares. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Raymond James Financial reiterated an "outperform" rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Oppenheimer increased their price target on Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trimble has an average rating of "Buy" and a consensus price target of $90.50.
Read Our Latest Research Report on Trimble
Trimble Company Profile
(
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.
Featured Stories

Before you consider Trimble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trimble wasn't on the list.
While Trimble currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.