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.

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

TRADEMARK VIOLATION NOTICE: “Trimble Inc (TRMB) VP Sells $667,656.00 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/05/26/trimble-inc-trmb-vp-sells-667656-00-in-stock.html.

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.

About Trimble

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.

12 Month Chart for NASDAQ:TRMB

Receive News & Ratings for Trimble Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Inc and related companies with MarketBeat.com's FREE daily email newsletter.