Thomas Fansler Sells 9,000 Shares of Trimble Inc (NASDAQ:TRMB) Stock

Trimble Inc (NASDAQ:TRMB) insider Thomas Fansler sold 9,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $41.37, for a total transaction of $372,330.00. Following the completion of the transaction, the insider now owns 8,954 shares in the company, valued at $370,426.98. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ TRMB opened at $45.11 on Friday. Trimble Inc has a 52-week low of $29.75 and a 52-week high of $45.24. The company’s 50 day simple moving average is $41.79. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.35 billion, a P/E ratio of 26.69, a PEG ratio of 2.35 and a beta of 2.03.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The company had revenue of $804.50 million during the quarter, compared to analysts’ expectations of $808.58 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Trimble’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Trimble Inc will post 1.83 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. JOYN Advisors Inc. raised its holdings in shares of Trimble by 164.5% in the fourth quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 561 shares during the last quarter. Lake Point Wealth Management purchased a new position in shares of Trimble in the fourth quarter worth $31,000. Cornerstone Advisors Inc. raised its holdings in shares of Trimble by 34.9% in the first quarter. Cornerstone Advisors Inc. now owns 997 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 258 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Trimble during the fourth quarter worth $36,000. Finally, Captrust Financial Advisors raised its holdings in shares of Trimble by 152.3% during the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock worth $62,000 after purchasing an additional 1,136 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

TRMB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Trimble from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. ValuEngine upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, BidaskClub upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Trimble has a consensus rating of “Buy” and an average price target of $44.33.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software.

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