Trimble Inc (NASDAQ:TRMB) CFO Robert G. Painter sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $38.87, for a total transaction of $29,152.50. Following the transaction, the chief financial officer now directly owns 10,888 shares in the company, valued at approximately $423,216.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of TRMB stock opened at $38.08 on Friday. Trimble Inc has a one year low of $32.01 and a one year high of $45.70. The company has a quick ratio of 1.54, a current ratio of 1.93 and a debt-to-equity ratio of 0.51. The company has a market cap of $10.03 billion, a P/E ratio of 29.77, a P/E/G ratio of 2.39 and a beta of 2.42.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The firm had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. Trimble’s revenue for the quarter was up 19.0% compared to the same quarter last year. Research analysts anticipate that Trimble Inc will post 1.62 EPS for the current year.

A number of hedge funds have recently modified their holdings of TRMB. Whittier Trust Co. acquired a new position in Trimble during the second quarter worth approximately $102,000. Psagot Investment House Ltd. acquired a new position in Trimble during the second quarter worth approximately $118,000. Korea Investment CORP acquired a new position in Trimble during the second quarter worth approximately $131,000. Summit Trail Advisors LLC increased its position in Trimble by 2,852.1% during the first quarter. Summit Trail Advisors LLC now owns 152,387 shares of the scientific and technical instruments company’s stock worth $152,000 after purchasing an additional 147,225 shares during the last quarter. Finally, Argent Trust Co acquired a new position in Trimble during the second quarter worth approximately $214,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on TRMB shares. BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Trimble Company Profile

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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