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

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

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 value of $11,440.00.

Trimble Price Performance

TRMB stock opened at $57.86 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The firm has a market capitalization of $14.13 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.62 and a beta of 1.50. The business’s 50-day moving average is $61.44 and its two-hundred day moving average is $53.19. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55.

Trimble (NASDAQ:TRMB) last posted its quarterly 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 for the quarter, compared to analyst estimates of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. Trimble’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trimble

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its position in shares of Trimble by 798.1% during the 2nd quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 415 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Trimble during the 4th quarter worth about $26,000. Clear Street Markets LLC raised its position 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 worth $25,000 after acquiring an additional 234 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Trimble during the 2nd quarter worth about $42,000. Finally, Operose Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

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

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.