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

Trimble Inc. (NASDAQ:TRMB) VP Mark David Schwartz sold 235 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $61.14, for a total value of $14,367.90. Following the completion of the transaction, the vice president now owns 12,587 shares in the company, valued at approximately $769,569.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Trading Down 1.1 %

Shares of TRMB stock opened at $57.86 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The firm’s fifty day simple moving average is $61.44 and its 200 day simple moving average is $53.19. The firm has a market capitalization of $14.13 billion, a P/E ratio of 46.29, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Trimble Inc. will post 2.23 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Trimble

A number of hedge funds have recently modified their holdings of TRMB. United Capital Financial Advisers LLC increased its position in shares of Trimble by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock valued at $5,045,000 after purchasing an additional 186 shares during the period. First Horizon Advisors Inc. boosted its stake in Trimble by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 196 shares in the last quarter. Fulton Bank N.A. increased its holdings in Trimble by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock valued at $497,000 after buying an additional 199 shares during the period. First Eagle Investment Management LLC increased its holdings in Trimble by 6.8% in the 4th quarter. First Eagle Investment Management LLC now owns 3,145 shares of the scientific and technical instruments company’s stock valued at $167,000 after buying an additional 200 shares during the period. Finally, Czech National Bank raised its stake in shares of Trimble by 0.5% in the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after buying an additional 201 shares in the last quarter. Institutional investors 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.