Trimble Inc. (NASDAQ:TRMB) CEO Robert G. Painter sold 10,250 shares of the company’s stock in a transaction on Wednesday, November 25th. The stock was sold at an average price of $60.23, for a total transaction of $617,357.50. Following the sale, the chief executive officer now directly owns 78,903 shares of the company’s stock, valued at approximately $4,752,327.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TRMB opened at $60.45 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.67 and a debt-to-equity ratio of 0.49. Trimble Inc. has a 12-month low of $20.01 and a 12-month high of $61.09. The firm has a 50-day moving average price of $53.88 and a 200 day moving average price of $47.55. The firm has a market capitalization of $15.12 billion, a P/E ratio of 31.48, a P/E/G ratio of 4.10 and a beta of 1.61.
Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.24. The company had revenue of $792.10 million during the quarter, compared to analyst estimates of $720.09 million. Trimble had a net margin of 15.39% and a return on equity of 14.69%. Trimble’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. Equities research analysts predict that Trimble Inc. will post 1.69 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on TRMB shares. BidaskClub raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 5th. Raymond James upped their target price on shares of Trimble from $44.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Morgan Stanley upped their target price on shares of Trimble from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, November 5th. Wolfe Research started coverage on shares of Trimble in a report on Tuesday, August 25th. They set an “outperform” rating and a $56.00 target price for the company. Finally, Needham & Company LLC upped their target price on shares of Trimble from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Trimble has a consensus rating of “Buy” and a consensus target price of $48.20.
Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in Trimble during the third quarter worth about $37,000. O Shaughnessy Asset Management LLC boosted its stake in Trimble by 390.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 814 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 648 shares during the period. Hall Laurie J Trustee purchased a new position in Trimble during the third quarter worth about $40,000. Fifth Third Bancorp boosted its stake in Trimble by 126.7% during the second quarter. Fifth Third Bancorp now owns 882 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 493 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Trimble during the third quarter worth about $43,000. 91.44% of the stock is owned by institutional investors.
Trimble Inc provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through 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; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software.
Further Reading: Momentum Indicators
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.