Trimble Inc President & CEO Robert Painter Sells 2,500 Shares
On February 13, 2024, President & CEO Robert Painter sold 2,500 shares of Trimble Inc (NASDAQ:TRMB), according to a recent SEC Filing. Over the past year, the insider has sold a total of 24,000 shares of Trimble Inc and has not made any purchases of the stock.
Trimble Inc is a company that provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company's solutions are used in a variety of applications, including surveying, construction, agriculture, fleet and asset management, public safety, and mapping.
The insider transaction history for Trimble Inc shows a pattern of more sales than purchases among insiders over the past year, with 1 insider buy and 19 insider sells.
On the date of the insider's recent transaction, shares of Trimble Inc were trading at $54.75, giving the company a market cap of $14.91 billion.
The stock's price-earnings ratio stands at 47.94, which is above both the industry median of 21.97 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $54.75 and a GF Value of $62.33, Trimble Inc has a price-to-GF-Value ratio of 0.88, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
