Trimble Inc (TRMB) VP Sells $667,656.00 in Stock
Trimble Inc (NASDAQ:TRMB) VP Julie A. Shepard sold 18,546 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $36.00, for a total transaction of $667,656.00. Following the completion of the sale, the vice president now owns 11,128 shares in the company, valued at $400,608. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Trimble Inc (NASDAQ:TRMB) traded down 0.08% during midday trading on Friday, hitting $35.76. 476,850 shares of the stock were exchanged. The company has a 50 day moving average price of $33.84 and a 200 day moving average price of $31.15. Trimble Inc has a one year low of $23.65 and a one year high of $36.15. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 55.88 and a beta of 2.23.
Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The firm had revenue of $613.90 million for the quarter, compared to the consensus estimate of $605.32 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Trimble Inc will post $1.40 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Trimble by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock valued at $722,710,000 after buying an additional 22,242,969 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in Trimble by 217.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,277,587 shares of the scientific and technical instruments company’s stock valued at $128,969,000 after buying an additional 2,928,989 shares during the last quarter. Norges Bank purchased a new position in Trimble during the fourth quarter valued at $65,522,000. FMR LLC raised its position in Trimble by 15.3% in the fourth quarter. FMR LLC now owns 15,547,369 shares of the scientific and technical instruments company’s stock valued at $468,753,000 after buying an additional 2,060,824 shares during the last quarter. Finally, Capital International Investors raised its position in Trimble by 771.0% in the third quarter. Capital International Investors now owns 1,976,313 shares of the scientific and technical instruments company’s stock valued at $56,443,000 after buying an additional 1,749,413 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on TRMB. Dougherty & Co downgraded shares of Trimble from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Monday, January 30th. Oppenheimer Holdings Inc. boosted their target price on shares of Trimble from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Needham & Company LLC boosted their target price on shares of Trimble from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Craig Hallum boosted their price target on shares of Trimble from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.50.
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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