Peter Large Sells 1,447 Shares of Trimble Inc. (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the sale, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peter Large also recently made the following trade(s):

• On Thursday, March 21st, Peter Large sold 176 shares of Trimble stock. The stock was sold at an average price of $65.00, for a total value of $11,440.00.

Trimble Stock Performance

Shares of TRMB stock opened at $57.97 on Friday. The stock has a market capitalization of $14.16 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The stock’s 50-day moving average price is $61.55 and its 200 day moving average price is $53.23. 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 results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $932.40 million for the quarter, compared to analysts’ expectations of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts forecast that Trimble Inc. will post 2.23 EPS for the current year.

Institutional Investors Weigh In On Trimble

Institutional investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC boosted its holdings in 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 valued at $25,000 after purchasing an additional 234 shares in the last quarter. IFP Advisors Inc boosted its holdings in Trimble by 798.1% in the 2nd quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 415 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Trimble in the 4th quarter valued at approximately $26,000. Itau Unibanco Holding S.A. purchased a new stake in Trimble in the 2nd quarter valued at approximately $42,000. Finally, Operose Advisors LLC purchased a new stake in Trimble in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TRMB shares. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Piper Sandler reiterated an “overweight” rating and set a $73.00 target price on shares of Trimble in a research report on Monday, April 15th. Robert W. Baird lifted their target price on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Oppenheimer lifted their target price on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.83.

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.