Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz Sells 235 Shares

Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz sold 235 shares of the business’s 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 completion of the sale, the vice president now owns 12,587 shares in the company, valued at approximately $769,569.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $59.03, for a total transaction of $13,872.05.

Trimble Stock Up 0.2 %

Shares of TRMB opened at $57.97 on Friday. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55. The firm has a fifty day moving average price of $61.55 and a 200-day moving average price of $53.23. The firm has a market capitalization of $14.16 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.59 and a beta of 1.50. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities research analysts expect that Trimble Inc. will post 2.23 earnings per share for the current year.

Hedge Funds Weigh In On Trimble

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of Trimble by 798.1% during the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 415 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in Trimble in the 4th quarter worth approximately $26,000. Clear Street Markets LLC increased its holdings in Trimble by 93.2% in the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 234 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Trimble in the 2nd quarter worth approximately $42,000. Finally, Operose Advisors LLC purchased a new stake in Trimble in the 3rd quarter worth approximately $43,000. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted 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. boosted their price target 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. Oppenheimer lifted their price objective on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Piper Sandler reaffirmed 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.