Trimble (NASDAQ:TRMB) Trading Down 6.2% on Insider Selling

Trimble Inc. (NASDAQ:TRMB)’s stock price fell 6.2% during trading on Friday after an insider sold shares in the company. The stock traded as low as $73.97 and last traded at $73.6640. 1,935,413 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 1,479,656 shares. The stock had previously closed at $78.57.

Specifically, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $80.88, for a total value of $606,600.00. Following the completion of the transaction, the chief executive officer directly owned 34,397 shares of the company’s stock, valued at approximately $2,782,029.36. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. KeyCorp upgraded shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a report on Monday, December 15th. Zacks Research cut shares of Trimble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and an average target price of $96.78.

Trimble Stock Performance

The stock has a 50 day simple moving average of $79.92 and a 200 day simple moving average of $80.52. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.63 billion, a P/E ratio of 50.66, a price-to-earnings-growth ratio of 2.78 and a beta of 1.59.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, November 5th. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $870.30 million. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. Trimble has set its FY 2025 guidance at 3.040-3.120 EPS and its Q4 2025 guidance at 0.910-0.990 EPS. On average, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has initiated a stock buyback plan on Friday, December 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Trimble

Several large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new position in Trimble during the third quarter worth about $289,254,000. Wellington Management Group LLP boosted its position in Trimble by 12,120.5% in the third 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 buying an additional 2,721,305 shares in the last quarter. Norges Bank acquired a new position in shares of Trimble during the second quarter worth $198,583,000. Generation Investment Management LLP lifted its stake in shares of Trimble by 19.1% in 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, Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Trimble during the 3rd quarter valued at $56,747,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Company Profile

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.