James A. Kirkland Sells 14,292 Shares of Trimble Inc (TRMB) Stock
Trimble Inc (NASDAQ:TRMB) insider James A. Kirkland sold 14,292 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $39.37, for a total value of $562,676.04. Following the sale, the insider now owns 51,436 shares in the company, valued at approximately $2,025,035.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of TRMB stock traded down $0.15 on Thursday, hitting $36.91. The company had a trading volume of 88,751 shares, compared to its average volume of 1,159,393. The stock has a market cap of $9.31 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.12 and a beta of 2.42. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. Trimble Inc has a twelve month low of $32.01 and a twelve month high of $45.70.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The company had revenue of $804.70 million during the quarter, compared to analyst estimates of $806.12 million. Trimble had a net margin of 5.32% and a return on equity of 16.21%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. Sell-side analysts anticipate that Trimble Inc will post 1.67 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Swiss National Bank lifted its holdings in shares of Trimble by 1.6% in the 2nd quarter. Swiss National Bank now owns 821,700 shares of the scientific and technical instruments company’s stock valued at $26,985,000 after buying an additional 13,300 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Trimble by 11.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,130 shares of the scientific and technical instruments company’s stock valued at $614,000 after buying an additional 1,498 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Trimble by 151.6% in the 2nd quarter. Verition Fund Management LLC now owns 29,776 shares of the scientific and technical instruments company’s stock valued at $978,000 after buying an additional 17,942 shares during the period. Natixis lifted its holdings in shares of Trimble by 16.6% in the 2nd quarter. Natixis now owns 27,845 shares of the scientific and technical instruments company’s stock valued at $914,000 after buying an additional 3,968 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Trimble by 1,228.4% in the 3rd quarter. Penserra Capital Management LLC now owns 9,724 shares of the scientific and technical instruments company’s stock worth $348,000 after purchasing an additional 8,992 shares during the period. 90.27% of the stock is owned by institutional investors and hedge funds.
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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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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