Fannie Mae, Freddie Mac shares tumble after conservatorship comments
In a recent transaction, Christopher F. Keating, Senior Vice President of Transportation at Trimble Inc. (NASDAQ:TRMB), sold 5,709 shares of the company’s common stock. The shares were sold at a price of $71.995 each, amounting to a total value of approximately $411,036. Following this transaction, Keating no longer holds any shares in Trimble. The sale was reported in a filing with the Securities and Exchange Commission dated February 27, 2025.This insider sale comes as Trimble’s stock has gained over 26% in the past six months, trading near its 52-week high of $77.78. According to InvestingPro analysis, the company’s current market capitalization stands at $17.69 billion, with the stock showing signs of being slightly overvalued at current levels. For comprehensive insider trading patterns and 11 additional key insights about Trimble, including detailed valuation metrics, visit InvestingPro.
In other recent news, Trimble Inc. reported its fourth-quarter earnings, which surpassed analyst expectations. The company achieved adjusted earnings per share of $0.89, slightly above the consensus estimate of $0.88, and reported revenue of $983.4 million, exceeding the anticipated $946.62 million. This revenue marks a 5% year-over-year increase, with organic growth reaching 17%. Trimble’s Annual Recurring Revenue (ARR) also saw a significant rise, growing 14% year-over-year to $2.26 billion. In addition, the company provided guidance for the first quarter of 2025, projecting revenue between $794 million and $824 million and adjusted EPS in the range of $0.55 to $0.61.
Trimble’s full-year 2025 guidance estimates revenue between $3.37 billion and $3.47 billion, with adjusted EPS ranging from $2.76 to $2.98. The company’s Board of Directors has approved a new $1 billion share repurchase program, replacing the previous authorization. Additionally, Trimble recently completed the divestiture of its Mobility business to concentrate on its core business segments. JPMorgan analyst Ann Duignan raised Trimble’s stock price target to $94 while maintaining an Overweight rating, citing expected improvements in sales and earnings throughout 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.