Trimble Inc. (NASDAQ:TRMB) SVP Sells $13,688.40 in Stock
Trimble Inc. (NASDAQ:TRMB – Get Free Report) SVP Peter Large sold 264 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $51.85, for a total value of $13,688.40. Following the completion of the transaction, the senior vice president now owns 2,845 shares in the company, valued at approximately $147,513.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Trimble Stock Performance
Shares of TRMB stock traded up $0.92 during midday trading on Tuesday, hitting $52.57. The company had a trading volume of 818,063 shares, compared to its average volume of 1,319,704. The company’s 50 day simple moving average is $46.29 and its 200 day simple moving average is $50.32. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $62.01. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 2.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.07.
Trimble (NASDAQ:TRMB – Get Free Report) last announced its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. Trimble had a return on equity of 12.87% and a net margin of 8.97%. The company had revenue of $957.30 million for the quarter, compared to the consensus estimate of $964.41 million. Research analysts anticipate that Trimble Inc. will post 2.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on TRMB. Raymond James upgraded Trimble from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Friday, September 29th. Piper Sandler dropped their price objective on Trimble from $51.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. dropped their price target on Trimble from $56.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, The Goldman Sachs Group dropped their price target on Trimble from $66.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Trimble has a consensus rating of “Hold” and an average price target of $52.00.
Get Our Latest Research Report on TRMB
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Trimble by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,939,750 shares of the scientific and technical instruments company’s stock valued at $1,558,695,000 after purchasing an additional 86,414 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Trimble by 13.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock valued at $254,000 after buying an additional 555 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Trimble by 2,399.7% in the 3rd quarter. Wellington Management Group LLP now owns 425,330 shares of the scientific and technical instruments company’s stock valued at $22,908,000 after buying an additional 408,315 shares during the period. American Century Companies Inc. raised its holdings in Trimble by 100.5% during the third quarter. American Century Companies Inc. now owns 17,108 shares of the scientific and technical instruments company’s stock worth $921,000 after purchasing an additional 8,575 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in Trimble during the third quarter worth $86,000. 90.20% of the stock is currently owned by hedge funds and other institutional investors.
Trimble Company Profile (Get Free Report)
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 route selection and design; 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.
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Original: MarketBeat News Feed: Trimble Inc. (NASDAQ:TRMB) SVP Sells $13,688.40 in Stock