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James Dalton, a director at Trimble Inc. (NASDAQ:TRMB), a $16.9 billion market cap technology company, recently sold shares in the company, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, while this insider sale occurred, management has been actively buying back shares, and the company maintains a GOOD overall financial health score. On May 28, Dalton sold 696 shares of Trimble’s common stock at a price of $72 per share, totaling $50,112. This transaction was conducted under a pre-arranged 10b5-1 trading plan, effective since February 25, 2025. Following the sale, Dalton retains ownership of 9,466 shares. The stock, currently trading near Fair Value according to InvestingPro analysis, has shown strong momentum with a 29% return over the past year, though technical indicators suggest it may be entering overbought territory.
In other recent news, Trimble Inc. reported better-than-expected first-quarter results, with adjusted earnings per share of $0.61, surpassing the analyst estimate of $0.58. The company’s revenue for the quarter reached $840.6 million, exceeding the consensus estimate of $811.4 million, despite a 12% year-over-year decline. Trimble’s annualized recurring revenue (ARR) 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 outlook, projecting revenue between $3.37 billion and $3.47 billion and adjusted EPS of $2.76 to $2.98.
In related developments, JPMorgan raised its price target for Trimble to $88, reiterating an Overweight rating, citing confidence in the company’s growth prospects. Meanwhile, Bernstein SocGen Group reaffirmed an Outperform rating with an $80 price target, highlighting the company’s resilience in construction technology demand. Trimble’s Architecture, Engineering, Construction, and Operations segment reported a 19% year-over-year growth in organic ARR. The company also implemented a 4% surcharge to counterbalance tariff impacts, with minimal reliance on China due to its hardware production being primarily in the United States and Mexico.
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