Trimble Inc. (NASDAQ:TRMB) CEO Robert G. Painter Sells 2,500 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) 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) 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

Several large investors have recently modified their holdings of the business. Comerica Bank bought a new position in Trimble during the second quarter worth $4,647,000. GTS Securities LLC bought a new position in Trimble during the second quarter worth $465,000. Alliancebernstein L.P. raised its stake in Trimble by 1.8% during the second quarter. Alliancebernstein L.P. now owns 332,880 shares of the scientific and technical instruments company’s stock worth $17,623,000 after buying an additional 5,976 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Trimble by 99.4% during the second quarter. State of Tennessee Treasury Department now owns 77,293 shares of the scientific and technical instruments company’s stock worth $4,092,000 after buying an additional 38,529 shares during the last quarter. Finally, Fairfield Bush & CO. bought a new position in Trimble during the second quarter worth $159,000. Institutional investors own 90.20% of the company’s stock.

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.

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 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.