Trimble (NASDAQ:TRMB) Director James Calvin Dalton Sells 616 Shares

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 616 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $81.99, for a total value of $50,505.84. Following the completion of the sale, the director directly owned 13,193 shares of the company’s stock, valued at $1,081,694.07. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Trimble Stock Performance

TRMB stock traded up $0.56 during mid-day trading on Tuesday, hitting $82.23. The company had a trading volume of 1,105,515 shares, compared to its average volume of 1,499,309. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $19.56 billion, a PE ratio of 70.89, a price-to-earnings-growth ratio of 3.26 and a beta of 1.60. The stock’s fifty day moving average price is $79.35 and its two-hundred day moving average price is $78.67. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business had revenue of $856.50 million for the quarter. On average, analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRMB has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 target price on shares of Trimble in a research note on Thursday, November 6th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $94.18.

Institutional Trading of Trimble

Institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new stake in Trimble during the third quarter valued at about $289,254,000. Wellington Management Group LLP increased its stake in Trimble by 12,120.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,743,757 shares of the scientific and technical instruments company’s stock valued at $224,028,000 after purchasing an additional 2,721,305 shares in the last quarter. Norges Bank purchased a new stake in shares of Trimble during the second quarter valued at $198,583,000. Nuveen LLC purchased a new stake in Trimble during the 1st quarter valued at about $122,070,000. Finally, Generation Investment Management LLP lifted its holdings in shares of Trimble by 19.1% during the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock worth $685,314,000 after purchasing an additional 1,449,315 shares during the period. 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.