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.
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.
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.
Recommended Story: What is a Market Correction?
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.