UBS cuts Brent crude oil forecasts
Trimble Inc. (NASDAQ:TRMB) Senior Vice President, AECO, Mark David Schwartz, sold 1,404 shares of common stock on July 10, 2025, at a price of $80. The total value of the transaction was $112,320. The sale comes as Trimble, currently valued at $19.1 billion, trades near its 52-week high of $81.66. According to InvestingPro data, the stock has delivered a strong 39% return over the past year.
Following the transaction, Schwartz directly owns 21,001.2669 shares of Trimble Inc.
The sale was executed under a Rule 10b5-1 trading plan, which was established on February 21, 2025. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on July 14, 2025.
In other recent news, Trimble Inc. reported first-quarter results that exceeded expectations, with adjusted earnings per share of $0.61, surpassing the analyst estimate of $0.58. The company also reported revenue of $840.6 million, which exceeded the consensus estimate of $811.4 million. Annualized recurring revenue reached a record high of $2.18 billion, reflecting a 7% year-over-year increase. Trimble maintained its 2025 outlook, projecting revenue between $3.37 billion and $3.47 billion, along with adjusted earnings per share of $2.76 to $2.98.
In other developments, JPMorgan raised its price target for Trimble shares to $88, maintaining an Overweight rating, following a conference where company leadership expressed confidence in growth prospects. Additionally, Bernstein reiterated an Outperform rating with an $80 price target, citing the company’s resilience in the construction technology sector. The firm’s analysts noted a 19% year-over-year growth in organic Annual Recurring Revenue for Trimble’s AECO segment.
Trimble shareholders recently elected all ten director nominees during the company’s annual meeting, with Robert G. Painter receiving the highest support. The meeting also saw the ratification of KPMG as the independent registered public accounting firm for the fiscal year ending January 2026. These developments reflect Trimble’s ongoing strategic initiatives and strong financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.