Trimble Inc. (NASDAQ:TRMB) VP Sells $14,367.90 in Stock

Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz sold 235 shares of Trimble stock in a transaction on Monday, April 15th. The stock was sold at an average price of $61.14, for a total transaction of $14,367.90. Following the sale, the vice president now directly owns 12,587 shares of the company’s stock, valued at approximately $769,569.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mark David Schwartz also recently made the following trade(s):

• On Friday, March 15th, Mark David Schwartz sold 235 shares of Trimble stock. The stock was sold at an average price of $61.88, for a total transaction of $14,541.80.
• On Thursday, February 15th, Mark David Schwartz sold 235 shares of Trimble stock. The shares were sold at an average price of $59.03, for a total transaction of $13,872.05.

Trimble Stock Performance

Shares of Trimble stock opened at $57.97 on Friday. The company has a 50 day moving average of $61.55 and a 200-day moving average of $53.23. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55. 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 cap of $14.16 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last announced 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 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 analysts’ expectations of $908.43 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Oppenheimer boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Robert W. Baird boosted their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday, April 15th. Finally, StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Trimble currently has a consensus rating of “Moderate Buy” and an average price target of $64.83.

Hedge Funds Weigh In On Trimble

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of Trimble by 12.9% during the first quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock worth $481,000 after buying an additional 760 shares during the period. Private Advisor Group LLC bought a new position in shares of Trimble during the first quarter valued at about $271,000. Dimensional Fund Advisors LP raised its position in Trimble by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock worth $82,251,000 after acquiring an additional 6,402 shares during the period. Prudential PLC bought a new stake in Trimble in the first quarter worth about $371,000. Finally, National Pension Service raised its position in Trimble by 5.1% in the first quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock worth $31,796,000 after acquiring an additional 21,426 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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.