Trimble director Dalton James Calvin sells $153,702 in stock

Dalton James Calvin, a director at Trimble Inc. (NASDAQ:TRMB), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on February 24, involved the sale of 2,141 shares at a price of $71.79 each, totaling $153,702. Following this sale, Calvin holds 10,162 shares of Trimble Inc., a technology company currently valued at $17.5 billion.The sale comes amid a strong performance period for Trimble, with the stock recording a 26% gain over the past six months. According to InvestingPro analysis, the company maintains a GOOD financial health score, supported by strong profitability metrics. For deeper insights into Trimble’s insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, Trimble Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.89, slightly surpassing the consensus of $0.88. The company achieved a revenue of $983.4 million, marking a 5% year-over-year increase and a 17% rise on an organic basis, beating the estimated $946.62 million. Annual Recurring Revenue (ARR) also saw a 14% year-over-year growth, reaching $2.26 billion. For the fiscal year 2025, Trimble has provided guidance with anticipated revenue between $3.37 billion and $3.47 billion and adjusted EPS ranging from $2.76 to $2.98. The company expects first-quarter 2025 revenue to be between $794 million and $824 million, with adjusted EPS of $0.55 to $0.61.

JPMorgan analyst Ann Duignan has increased the price target for Trimble to $94, maintaining an Overweight rating, citing conservative guidance and expected improvements in sales and earnings throughout 2025. Additionally, Trimble’s Board of Directors has authorized a new $1 billion share repurchase program, replacing the existing one. The company’s outlook also reflects the recent completion of its Mobility business divestiture, as it continues to concentrate on its core business segments.

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