Trimble Inc. (NASDAQ:TRMB – Get Free Report) CEO Robert G. Painter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $50.34, for a total transaction of $125,850.00. Following the sale, the chief executive officer now owns 209,856 shares in the company, valued at approximately $10,564,151.04. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Trimble Price Performance
TRMB stock opened at $51.69 on Friday. The company has a fifty day moving average price of $53.45 and a 200-day moving average price of $50.84. The company has a market capitalization of $12.84 billion, a P/E ratio of 37.46, a PEG ratio of 2.35 and a beta of 1.55. Trimble Inc. has a 52-week low of $45.43 and a 52-week high of $62.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 1.12.
Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $993.60 million during the quarter, compared to the consensus estimate of $979.08 million. Trimble had a net margin of 9.45% and a return on equity of 13.12%. As a group, equities analysts expect that Trimble Inc. will post 2.14 EPS for the current year.
Hedge Funds Weigh In On Trimble
Analyst Upgrades and Downgrades
TRMB has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and set a $51.00 price target on shares of Trimble in a research report on Friday, August 4th. The Goldman Sachs Group raised their target price on shares of Trimble from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, StockNews.com started coverage on shares of Trimble in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.71.
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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