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Trimble (NASDAQ:TRMB), the $19.25 billion technology company, saw its President and CEO Robert G. Painter sell 7,500 shares of company stock on July 8, 2025, according to a new SEC filing. The stock has shown strong momentum, trading near its 52-week high of $81.66. The shares were sold at a price of $78.86, for a total transaction value of $591,450.
Following the transaction, Painter directly owns 114,879.2039 shares of Trimble.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which was established on February 20, 2025.
In other recent news, Trimble Inc. reported first-quarter results that exceeded analysts’ expectations, with adjusted earnings per share of $0.61, surpassing the projected $0.58. The company’s revenue for the quarter reached $840.6 million, beating the consensus estimate of $811.4 million, despite a 12% year-over-year decline. Trimble’s annualized recurring revenue hit a record $2.18 billion, reflecting a 7% year-over-year increase and a 15% rise on an organic basis. The company maintained its 2025 guidance, projecting revenue between $3.37 billion and $3.47 billion and adjusted EPS of $2.76 to $2.98.
In a separate development, JPMorgan raised its price target for Trimble to $88 from $84, maintaining an Overweight rating, citing confidence in the company’s growth prospects. Meanwhile, Bernstein reaffirmed an Outperform rating with an $80 price target, highlighting the resilience of Trimble’s construction technology demand. Shareholders recently elected all ten director nominees and approved executive compensation during the annual meeting, with KPMG ratified as the independent auditor for the fiscal year ending January 2, 2026. Additionally, Trimble has been actively expanding its technology outlets and partnerships to strengthen its market position amid economic uncertainties.
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