Trimble Inc (NASDAQ:TRMB) insider Michael Bank sold 14,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $40.39, for a total transaction of $565,460.00. Following the completion of the sale, the insider now directly owns 39,376 shares in the company, valued at $1,590,396.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
TRMB stock opened at $39.78 on Friday. Trimble Inc has a one year low of $29.75 and a one year high of $44.55. The firm has a market capitalization of $9.78 billion, a PE ratio of 23.54, a PEG ratio of 2.02 and a beta of 2.18. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.64.
Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The company had revenue of $792.90 million during the quarter, compared to analysts’ expectations of $809.82 million. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts expect that Trimble Inc will post 1.84 EPS for the current year.
Separately, Zacks Investment Research raised shares of Trimble from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Trimble currently has an average rating of “Hold” and a consensus price target of $41.00.
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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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