Trimble Inc. (NASDAQ:TRMB) Director Thomas W. Sweet Acquires 1,500 Shares

Trimble Inc. (NASDAQ:TRMB – Get Rating) Director Thomas W. Sweet acquired 1,500 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $62.28 per share, for a total transaction of $93,420.00. Following the purchase, the director now directly owns 3,082 shares of the company’s stock, valued at approximately $191,946.96. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

TRMB stock opened at $65.30 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.33 billion, a PE ratio of 33.83, a P/E/G ratio of 2.16 and a beta of 1.53. Trimble Inc. has a 12-month low of $59.89 and a 12-month high of $96.49. The business’s fifty day moving average price is $68.52 and its 200 day moving average price is $75.33.

Trimble (NASDAQ:TRMB – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $993.70 million for the quarter, compared to the consensus estimate of $967.25 million. Trimble had a return on equity of 15.20% and a net margin of 12.97%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. Research analysts predict that Trimble Inc. will post 2.41 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP raised its holdings in shares of Trimble by 415.2% in the 3rd quarter. Trexquant Investment LP now owns 22,827 shares of the scientific and technical instruments company’s stock valued at $1,878,000 after buying an additional 18,396 shares during the period. National Bank of Canada FI purchased a new stake in Trimble during the 4th quarter worth about $425,000. First Horizon Advisors Inc. increased its holdings in Trimble by 412.1% during the 4th quarter. First Horizon Advisors Inc. now owns 804 shares of the scientific and technical instruments company’s stock worth $70,000 after purchasing an additional 647 shares during the period. Eaton Vance Management increased its holdings in Trimble by 17.2% during the 3rd quarter. Eaton Vance Management now owns 71,484 shares of the scientific and technical instruments company’s stock worth $5,761,000 after purchasing an additional 10,465 shares during the period. Finally, Sonen Capital LLC purchased a new stake in Trimble during the 4th quarter worth about $677,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.

A number of equities analysts have weighed in on the company. Robert W. Baird lowered their price objective on Trimble from $90.00 to $80.00 in a research note on Friday, May 6th. StockNews.com assumed coverage on Trimble in a research note on Thursday, March 31st. They set a “buy” rating on the stock. William Blair restated an “outperform” rating on shares of Trimble in a research report on Thursday, May 5th. JPMorgan Chase & Co. reduced their target price on Trimble from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, March 28th. Finally, Piper Sandler lifted their target price on Trimble from $101.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $85.00.

About Trimble (Get Rating)

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 route selection and design; 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.

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