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

Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz sold 235 shares of Trimble 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 transaction, the vice president now directly owns 12,587 shares of the company’s stock, valued at $769,569.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Trimble Stock Performance

NASDAQ TRMB opened at $57.86 on Friday. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 2.62 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The stock has a fifty day simple moving average of $61.44 and a 200 day simple moving average of $53.19. 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 (NASDAQ:TRMB) last issued its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) 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 the consensus estimate of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Trimble Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRMB. JPMorgan Chase & Co. boosted their price objective on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Oppenheimer boosted their price target on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Robert W. Baird increased their price objective on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 target price on shares of Trimble in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in Trimble by 798.1% during the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 415 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Trimble during the 4th quarter worth about $26,000. Clear Street Markets LLC raised its position in shares of 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 acquiring an additional 234 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Trimble in the 2nd quarter valued at about $42,000. Finally, Operose Advisors LLC bought a new stake in shares of Trimble during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

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.