Rep. April McClain Delaney Sells Off Shares of Trimble Inc. (NASDAQ:TRMB)

Representative April McClain Delaney (D-Maryland) recently sold shares of Trimble Inc. NASDAQ: TRMB. In a filing disclosed on March 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trimble stock on February 10th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Revvity NYSE: RVTY on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/28/2025.
• Purchased $15,001 - $50,000 in shares of Corpay NYSE: CPAY on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 2/27/2025.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 2/22/2025.
• Purchased $1,001 - $15,000 in shares of Corpay NYSE: CPAY on 2/22/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/22/2025.

Trimble Stock Up 2.2 %

Shares of NASDAQ TRMB traded up $1.53 during trading on Monday, reaching $72.07. 1,167,909 shares of the stock were exchanged, compared to its average volume of 1,329,450. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business's 50-day moving average price is $72.55 and its 200 day moving average price is $68.65. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trimble has a consensus rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last quarter. Corporate insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On Trimble

Several hedge funds and other institutional investors have recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in Trimble in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble during the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its position in shares of Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 520 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.