Trimble Inc (NASDAQ:TRMB) – Investment analysts at William Blair dropped their Q1 2018 earnings estimates for shares of Trimble in a research note issued to investors on Monday. William Blair analyst J. Ho now anticipates that the scientific and technical instruments company will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.32. William Blair also issued estimates for Trimble’s Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.38 EPS.

Several other brokerages have also recently weighed in on TRMB. Oppenheimer raised their price objective on Trimble from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, October 27th. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Wells Fargo & Co lifted their price target on Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Trimble in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.10.

Trimble (TRMB) opened at $40.32 on Tuesday. The firm has a market capitalization of $10,040.00, a PE ratio of 53.05, a PEG ratio of 2.63 and a beta of 2.38. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.22. Trimble has a 1-year low of $29.71 and a 1-year high of $45.70.

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

In other Trimble news, VP Jurgen Kliem sold 995 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $42.50, for a total transaction of $42,287.50. Following the completion of the sale, the vice president now directly owns 18,175 shares in the company, valued at $772,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sachin Sankpal sold 6,512 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $41.99, for a total transaction of $273,438.88. Following the sale, the senior vice president now owns 17,997 shares of the company’s stock, valued at $755,694.03. The disclosure for this sale can be found here. Insiders have sold 48,184 shares of company stock valued at $1,987,455 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new stake in Trimble during the fourth quarter worth approximately $125,000. Toronto Dominion Bank raised its position in shares of Trimble by 13.0% in the second quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 357 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Trimble in the third quarter valued at approximately $137,000. Howe & Rusling Inc. acquired a new stake in shares of Trimble in the third quarter valued at approximately $139,000. Finally, Advisor Group Inc. raised its position in shares of Trimble by 3.7% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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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.

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