Trimble (NASDAQ:TRMB) CEO Robert Painter Sells 7,500 Shares of Stock

Trimble Inc. (NASDAQ:TRMB) CEO Robert Painter sold 7,500 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total value of $606,600.00. Following the transaction, the chief executive officer directly owned 34,397 shares in the company, valued at $2,782,029.36. The trade was a 17.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Trimble Stock Down 1.5%

NASDAQ TRMB traded down $1.19 during trading on Thursday, reaching $78.57. 1,724,480 shares of the company’s stock traded hands, compared to its average volume of 1,445,827. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 2.80 and a beta of 1.59. The company’s 50 day simple moving average is $79.93 and its two-hundred day simple moving average is $80.53.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $901.20 million for the quarter, compared to the consensus estimate of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble announced that its Board of Directors has authorized a share repurchase plan on Friday, December 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the stock a “buy” rating in a report on Friday, October 3rd. Wells Fargo & Company started coverage on Trimble in a report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.78.

Institutional Investors Weigh In On Trimble

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Trimble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 30,265,817 shares of the scientific and technical instruments company’s stock valued at $2,471,204,000 after acquiring an additional 192,288 shares during the period. State Street Corp grew its position in shares of Trimble by 0.4% in the third quarter. State Street Corp now owns 10,951,409 shares of the scientific and technical instruments company’s stock valued at $894,183,000 after purchasing an additional 43,285 shares during the period. Generation Investment Management LLP increased its stake 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 in the last quarter. Boston Partners increased its stake in shares of Trimble by 14.4% during the second quarter. Boston Partners now owns 4,170,179 shares of the scientific and technical instruments company’s stock worth $318,285,000 after purchasing an additional 525,214 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Trimble by 1.7% during the 3rd quarter. Invesco Ltd. now owns 4,156,972 shares of the scientific and technical instruments company’s stock worth $339,417,000 after purchasing an additional 67,671 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

About Trimble

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.