Insider Selling: Trimble Inc. (NASDAQ:TRMB) SVP Sells $85,517.70 in Stock

Trimble Inc. (NASDAQ:TRMB) SVP Peter Large sold 1,447 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Peter Large also recently made the following trade(s):

• On Thursday, March 21st, Peter Large sold 176 shares of Trimble stock. The stock was sold at an average price of $65.00, for a total transaction of $11,440.00.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $57.97 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The business has a 50 day simple moving average of $61.55 and a 200-day simple moving average of $53.24.

Trimble (NASDAQ:TRMB) 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 the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The firm had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRMB. Piper Sandler restated an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday, April 15th. Oppenheimer raised their price objective on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Robert W. Baird upped their price target on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.83.

Hedge Funds Weigh In On Trimble

A number of large investors have recently bought and sold shares of TRMB. Clear Street Markets LLC lifted its holdings in shares of Trimble by 93.2% in the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 234 shares during the last quarter. IFP Advisors Inc increased its position in Trimble by 798.1% in the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 415 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Trimble during the fourth quarter valued at $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Trimble during the second quarter worth about $42,000. Finally, Operose Advisors LLC acquired a new stake in shares of Trimble in the 3rd quarter worth about $43,000. Institutional investors own 93.21% of the company’s stock.

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.