Trimble Inc (TRMB) Insider Sells $565,460.00 in Stock

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.

Several hedge funds and other institutional investors have recently made changes to their positions in TRMB. Bank of New York Mellon Corp lifted its stake in shares of Trimble by 24,279.4% in the third quarter. Bank of New York Mellon Corp now owns 3,787,337 shares of the scientific and technical instruments company’s stock valued at $164,597,000 after purchasing an additional 3,771,802 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Trimble by 3,229.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock valued at $99,000 after purchasing an additional 3,174,232 shares during the period. Capital International Investors increased its holdings in Trimble by 38.2% during the 3rd quarter. Capital International Investors now owns 11,285,352 shares of the scientific and technical instruments company’s stock valued at $490,461,000 after acquiring an additional 3,121,423 shares in the last quarter. Norges Bank purchased a new position in Trimble during the 4th quarter valued at about $74,528,000. Finally, FMR LLC increased its holdings in Trimble by 28.7% during the 2nd quarter. FMR LLC now owns 8,494,787 shares of the scientific and technical instruments company’s stock valued at $278,969,000 after acquiring an additional 1,893,300 shares in the last quarter. Hedge funds and other institutional investors own 90.56% of the company’s stock.

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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Insider Buying and Selling by Quarter for Trimble (NASDAQ:TRMB)

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