James Calvin Dalton Sells 609 Shares of Trimble (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Trimble Price Performance

TRMB traded down $2.25 during trading on Tuesday, hitting $78.57. The company’s stock had a trading volume of 1,937,036 shares, compared to its average volume of 1,575,751. The firm’s 50 day moving average price is $81.15 and its two-hundred day moving average price is $72.27. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 67.73, a price-to-earnings-growth ratio of 3.32 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The business had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Trimble from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial reissued an “outperform” rating and issued a $93.00 price target (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Finally, Oppenheimer raised their price target on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat, Trimble currently has an average rating of “Buy” and an average price target of $90.50.

Hedge Funds Weigh In On Trimble

Several hedge funds and other institutional investors have recently modified their holdings of TRMB. Vanguard Group Inc. lifted its holdings in shares of Trimble by 2.0% during the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after purchasing an additional 582,124 shares in the last quarter. State Street Corp raised its position in shares of Trimble by 2.6% during the second quarter. State Street Corp now owns 10,908,124 shares of the scientific and technical instruments company’s stock valued at $828,799,000 after buying an additional 273,320 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Trimble by 22.4% during the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock valued at $717,506,000 after purchasing an additional 1,857,517 shares during the last quarter. Generation Investment Management LLP boosted its position in shares of Trimble by 19.1% during the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after acquiring an additional 1,449,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trimble by 26.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock valued at $458,113,000 after buying an additional 1,445,851 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Company Profile

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.