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 stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the sale, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at $485,802. The transaction was disclosed in a filing 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 transaction of $11,440.00.

Trimble Stock Performance

TRMB traded down $0.63 during trading on Thursday, reaching $57.86. 905,853 shares of the company’s stock were exchanged, compared to its average volume of 1,411,959. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $61.33 and a 200 day moving average price of $53.16. The company has a market capitalization of $14.22 billion, a P/E ratio of 46.77, a PEG ratio of 2.64 and a beta of 1.50.

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

Institutional Investors Weigh In On Trimble

Institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC boosted its stake in shares of Trimble by 383.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company’s stock valued at $11,881,000 after purchasing an additional 174,917 shares in the last quarter. Barclays PLC boosted its stake in shares of Trimble by 43.6% in the 3rd quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company’s stock valued at $31,254,000 after purchasing an additional 176,139 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Trimble by 126.1% in the 4th quarter. Raymond James & Associates now owns 133,858 shares of the scientific and technical instruments company’s stock valued at $7,121,000 after purchasing an additional 74,667 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Trimble by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company’s stock valued at $178,887,000 after purchasing an additional 95,588 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Trimble by 64.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 386,217 shares of the scientific and technical instruments company’s stock valued at $20,547,000 after purchasing an additional 151,029 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TRMB. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Oppenheimer raised their price target on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday. Finally, Robert W. Baird raised their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.