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

Trimble Inc. (NASDAQ:TRMB) SVP Peter Large sold 1,447 shares of the company’s 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 owns 8,220 shares in the company, valued at approximately $485,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Stock Down 1.1 %

Shares of TRMB opened at $57.86 on Friday. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 2.62 and a beta of 1.50. 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 Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a 50-day moving average price of $61.44 and a two-hundred day moving average price of $53.19.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $932.40 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts predict that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TRMB. American Century Companies Inc. raised its stake in shares of Trimble by 12.9% in the first quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock valued at $481,000 after acquiring an additional 760 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Trimble in the first quarter valued at approximately $271,000. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $82,251,000 after acquiring an additional 6,402 shares during the last quarter. Prudential PLC bought a new position in shares of Trimble in the first quarter valued at approximately $371,000. Finally, National Pension Service raised its stake in shares of 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 valued at $31,796,000 after acquiring an additional 21,426 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the subject of a number of research analyst reports. Oppenheimer increased their target price on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Robert W. Baird raised their price target on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on 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 reissued an “overweight” rating and set a $73.00 target price on shares of Trimble in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.