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 company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $61.14, for a total value of $14,367.90. Following the sale, the vice president now directly owns 12,587 shares in the company, valued at $769,569.18. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value of $14,541.80.
• On Thursday, February 15th, Mark David Schwartz sold 235 shares of Trimble stock. The stock was sold at an average price of $59.03, for a total value of $13,872.05.

Trimble Stock Down 0.5 %

Trimble stock traded down $0.30 during mid-day trading on Wednesday, hitting $58.62. The company’s stock had a trading volume of 380,488 shares, compared to its average volume of 1,411,891. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm’s 50 day moving average is $61.20 and its 200 day moving average is $53.12. The company has a market cap of $14.40 billion, a PE ratio of 47.14, a price-to-earnings-growth ratio of 2.66 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 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company had revenue of $932.40 million for the quarter, compared to analyst estimates of $908.43 million. During the same period in the prior year, the firm posted $0.52 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC increased its holdings in shares of Trimble by 383.0% during 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 acquiring an additional 174,917 shares during the last quarter. Barclays PLC increased its holdings in shares of Trimble by 43.6% during 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 acquiring an additional 176,139 shares during the last quarter. Raymond James & Associates grew its holdings in 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 buying an additional 74,667 shares during the last quarter. Comerica Bank acquired a new stake in Trimble in the 2nd quarter valued at approximately $4,647,000. Finally, Ameriprise Financial Inc. grew its holdings in 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 buying an additional 95,588 shares during the last quarter. Institutional investors and hedge funds 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.