Trimble Inc (NASDAQ:TRMB) insider James A. Kirkland sold 5,430 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $41.10, for a total value of $223,173.00. Following the transaction, the insider now owns 39,939 shares of the company’s stock, valued at $1,641,492.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:TRMB traded down $0.34 during midday trading on Friday, reaching $42.72. The company had a trading volume of 586,200 shares, compared to its average volume of 1,039,806. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Trimble Inc has a 1-year low of $29.75 and a 1-year high of $44.55. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.20 and a beta of 2.03.
Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The business had revenue of $804.50 million during the quarter, compared to analyst estimates of $808.58 million. During the same quarter last year, the company posted $0.44 EPS. Trimble’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts predict that Trimble Inc will post 1.84 earnings per share for the current year.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Trimble from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. ValuEngine raised Trimble from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRMB. JOYN Advisors Inc. raised its stake in shares of Trimble by 164.5% during the 4th quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 561 shares in the last quarter. Lake Point Wealth Management bought a new position in shares of Trimble in the 4th quarter valued at approximately $31,000. Liberty Wealth Management LLC bought a new position in shares of Trimble in the 4th quarter valued at approximately $36,000. Cornerstone Advisors Inc. increased its position in Trimble by 34.9% in the 1st 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 period. Finally, AdvisorNet Financial Inc increased its position in Trimble by 128.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,067 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Trimble Company Profile
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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