Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison Sells 3,156 Shares

Trimble Inc. (NASDAQ:TRMB) VP Jennifer Allison sold 3,156 shares of Trimble stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the transaction, the vice president owned 2,882 shares in the company, valued at approximately $230,560. The trade was a 52.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Trimble Trading Up 0.3%

TRMB opened at $80.20 on Tuesday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $81.66. The business has a fifty day simple moving average of $72.69 and a 200-day simple moving average of $70.00. The firm has a market cap of $19.13 billion, a P/E ratio of 13.08, a P/E/G ratio of 3.41 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The company’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. On average, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Trimble

Several institutional investors have recently bought and sold shares of TRMB. OneDigital Investment Advisors LLC increased its holdings in Trimble by 30.1% in the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after buying an additional 943 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Trimble by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company’s stock worth $26,560,000 after buying an additional 17,785 shares during the period. DAVENPORT & Co LLC increased its position in Trimble by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock worth $522,000 after buying an additional 452 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Trimble by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock worth $2,355,000 after buying an additional 2,397 shares during the period. Finally, Wellington Management Group LLP raised its position in Trimble by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company’s stock valued at $1,580,000 after purchasing an additional 5,472 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TRMB shares. JPMorgan Chase & Co. lifted their price objective on Trimble from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. Finally, Wall Street Zen cut Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $89.43.

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.