Trimble Inc. (NASDAQ:TRMB) SVP Peter Large Sells 1,447 Shares

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

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

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

Trimble Trading Up 0.2 %

Shares of NASDAQ:TRMB opened at $57.97 on Friday. The firm has a fifty day moving average of $61.55 and a two-hundred day moving average of $53.23. The firm has a market capitalization of $14.16 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 2.59 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 company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56.

Trimble (NASDAQ:TRMB) last issued its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts expect that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Trimble

Institutional investors have recently modified their holdings of the stock. Clear Street Markets LLC boosted its stake in shares of Trimble by 93.2% during the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 234 shares during the period. IFP Advisors Inc lifted its stake in shares of Trimble by 798.1% in the 2nd 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 last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Trimble in the 4th quarter valued at $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Trimble in the 2nd quarter valued at $42,000. Finally, Operose Advisors LLC acquired a new stake in shares of Trimble in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Trimble Company Profile

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.