Trimble Inc (NASDAQ:TRMB) Director Sells $324,720.00 in Stock

Trimble Inc (NASDAQ:TRMB) Director Merit E. Janow sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $40.59, for a total transaction of $324,720.00. Following the transaction, the director now owns 30,362 shares in the company, valued at approximately $1,232,393.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NASDAQ:TRMB opened at $45.11 on Friday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.31 and a beta of 2.03. Trimble Inc has a 12 month low of $29.75 and a 12 month high of $45.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. The company has a 50-day moving average price of $41.79.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $808.58 million. During the same period in the prior year, the business earned $0.44 earnings per share. Trimble’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Trimble Inc will post 1.83 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of Trimble by 20.8% during the first quarter. First Trust Advisors LP now owns 20,141 shares of the scientific and technical instruments company’s stock worth $814,000 after purchasing an additional 3,465 shares in the last quarter. FMR LLC lifted its holdings in Trimble by 17.2% in the first quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock valued at $271,214,000 after buying an additional 984,623 shares during the period. Cleararc Capital Inc. acquired a new position in Trimble in the first quarter valued at approximately $261,000. Nordea Investment Management AB lifted its holdings in Trimble by 3.8% in the first quarter. Nordea Investment Management AB now owns 709,838 shares of the scientific and technical instruments company’s stock valued at $28,676,000 after buying an additional 26,094 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Trimble by 3.2% in the first quarter. Lazard Asset Management LLC now owns 2,156,852 shares of the scientific and technical instruments company’s stock valued at $87,136,000 after buying an additional 66,052 shares during the period. Institutional investors own 92.02% of the company’s stock.

A number of research firms recently weighed in on TRMB. Zacks Investment Research raised shares of Trimble from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. BidaskClub raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, ValuEngine raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus 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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