Senior Vice President of Trimble Inc. (NASDAQ:TRMB), Peter Large, has recently sold a total of 1,447 shares of company stock, according to a new SEC filing. The transaction, which took place on April 16, 2024, was executed at a price of $59.10 per share, bringing the total value of the sale to $85,517.
This sale was conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a predetermined plan for buying or selling stocks at a time when they are not in possession of material non-public information. Such plans are often used by corporate executives to avoid any potential accusations of insider trading.
Following the sale, Mr. Large continues to hold 8,219.8751 shares of Trimble Inc. directly. The company, which specializes in measuring and controlling devices, has its headquarters in Westminster, Colorado.
Investors and market watchers often pay close attention to insider transactions as they can provide valuable insights into an executive’s perspective on the company’s future performance. However, these transactions are not necessarily indicative of future stock movement and should be considered as one of many factors in making investment decisions.
The recent transaction by Mr. Large is part of the regular financial disclosures required by the SEC and offers transparency into the trading activities of senior company officials.
InvestingPro Insights
Trimble Inc. (NASDAQ:TRMB) has been the subject of recent insider trading activity, with the Senior Vice President offloading shares. To provide a broader context to this transaction, let’s look at some key financial metrics and insights from InvestingPro. Trimble is currently trading at a high earnings multiple, with a P/E ratio of 45.96, which adjusts to 36.86 when considering the last twelve months as of Q4 2023. This high valuation is echoed in the company’s EBIT and EBITDA multiples, signaling a premium market valuation.
Despite this high valuation, Trimble’s stock has demonstrated a strong return over the last three months, with an 18.4% price total return, indicative of positive market sentiment. From a stability perspective, analysts have noted that the stock generally trades with low price volatility, which could be a factor for investors seeking less turbulent investments.
InvestingPro Data also reveals that Trimble does not pay a dividend to shareholders, which might influence investors who prioritize income generation from their holdings. With the company’s next earnings date on May 1, 2024, investors will be keen to see if the current stock performance aligns with the company’s financial health and future outlook.
For investors looking to delve deeper into Trimble’s financials and stock performance, there are additional InvestingPro Tips available, including analysts’ predictions on profitability for the year and a comprehensive fair value estimate. Unlock these insights and more with a subscription to InvestingPro. Use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover why Trimble’s stock movements may be an intriguing aspect of your investment considerations.
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