Trimble Inc (TRMB) CFO Sells $277,840.00 in Stock

Trimble Inc (NASDAQ:TRMB) CFO Robert G. Painter sold 6,946 shares of Trimble stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.00, for a total transaction of $277,840.00. Following the transaction, the chief financial officer now directly owns 15,451 shares of the company’s stock, valued at $618,040. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Trimble Inc (NASDAQ TRMB) traded down $0.51 on Tuesday, hitting $38.96. 1,290,913 shares of the company were exchanged, compared to its average volume of 1,066,594. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. The company has a market capitalization of $9,820.00, a P/E ratio of 48.10, a price-to-earnings-growth ratio of 2.34 and a beta of 2.38. Trimble Inc has a twelve month low of $30.45 and a twelve month high of $45.70.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $708.40 million during the quarter, compared to the consensus estimate of $674.84 million. Trimble had a net margin of 4.56% and a return on equity of 13.37%. Trimble’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. equities analysts anticipate that Trimble Inc will post 1.5 earnings per share for the current fiscal year.

Trimble announced that its board has authorized a share buyback program on Wednesday, November 15th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have weighed in on TRMB. BidaskClub raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Oppenheimer reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Trimble in a research note on Sunday, October 29th. Wells Fargo & Co boosted their target price on shares of Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Trimble has a consensus rating of “Hold” and an average target price of $42.10.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Trimble by 1.2% during the fourth quarter. BlackRock Inc. now owns 23,195,889 shares of the scientific and technical instruments company’s stock worth $942,682,000 after buying an additional 277,736 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Trimble by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 8,243,002 shares of the scientific and technical instruments company’s stock valued at $323,537,000 after purchasing an additional 33,278 shares during the period. Capital International Investors grew its holdings in Trimble by 0.5% during the third quarter. Capital International Investors now owns 8,068,056 shares of the scientific and technical instruments company’s stock valued at $316,671,000 after purchasing an additional 38,431 shares during the period. King Luther Capital Management Corp grew its holdings in Trimble by 2.1% during the fourth quarter. King Luther Capital Management Corp now owns 3,628,431 shares of the scientific and technical instruments company’s stock valued at $147,459,000 after purchasing an additional 73,934 shares during the period. Finally, Impax Asset Management LTD grew its holdings in Trimble by 7.1% during the fourth quarter. Impax Asset Management LTD now owns 3,093,443 shares of the scientific and technical instruments company’s stock valued at $125,718,000 after purchasing an additional 205,201 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

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Trimble Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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

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