Robert G. Painter Sells 5,300 Shares of Trimble Inc (NASDAQ:TRMB) Stock

Trimble Inc (NASDAQ:TRMB) CFO Robert G. Painter sold 5,300 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $44.00, for a total transaction of $233,200.00. Following the transaction, the chief financial officer now owns 60,697 shares of the company’s stock, valued at approximately $2,670,668. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ TRMB traded up $0.37 during mid-day trading on Friday, reaching $44.28. The company had a trading volume of 856,728 shares, compared to its average volume of 919,288. Trimble Inc has a 12-month low of $29.75 and a 12-month high of $46.25. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $43.02. The stock has a market capitalization of $11.05 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.29 and a beta of 2.03.

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

A number of equities analysts recently issued reports on TRMB shares. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the company a “neutral” rating in a research report on Wednesday. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine upgraded shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Trimble presently has an average rating of “Buy” and an average target price of $46.33.

A number of hedge funds have recently modified their holdings of TRMB. Norges Bank bought a new position in Trimble in the fourth quarter worth $74,528,000. FMR LLC lifted its position 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 worth $271,214,000 after purchasing an additional 984,623 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Trimble by 57.6% during the first quarter. Artisan Partners Limited Partnership now owns 2,684,151 shares of the scientific and technical instruments company’s stock valued at $108,440,000 after acquiring an additional 981,492 shares during the period. Argent Capital Management LLC bought a new position in shares of Trimble during the first quarter valued at $39,533,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Trimble by 765.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 936,407 shares of the scientific and technical instruments company’s stock valued at $37,831,000 after acquiring an additional 828,233 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

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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