Insider Selling: Trimble (NASDAQ:TRMB) CEO Sells 7,500 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) CEO Robert Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the transaction, the chief executive officer owned 34,397 shares in the company, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trimble Price Performance

Shares of TRMB traded down $1.19 during trading hours on Thursday, hitting $78.57. 1,724,480 shares of the stock were exchanged, compared to its average volume of 1,445,827. The stock’s 50-day moving average price is $79.93 and its two-hundred day moving average price is $80.53. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 2.80 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The company had revenue of $901.20 million for the quarter, compared to analyst estimates of $870.30 million. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. Research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its board has authorized a share repurchase program on Friday, December 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on TRMB shares. KeyCorp upgraded Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 target price on the stock in a report on Monday, December 15th. JPMorgan Chase & Co. lifted their price objective on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Barclays upped their target price on Trimble from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Monday. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $97.00 price target on shares of Trimble in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.78.

Institutional Investors Weigh In On Trimble

A number of institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in shares of Trimble in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in Trimble during the third quarter worth $30,000. Hantz Financial Services Inc. boosted its position in shares of Trimble by 90.8% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 177 shares during the period. Quarry LP raised its holdings in shares of Trimble by 175.8% in the 3rd quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 232 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Trimble during the 2nd quarter valued at about $34,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

About Trimble

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.