Robert G. Painter Sells 750 Shares of Trimble Inc (TRMB) Stock
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.
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.
Further Reading: Analyzing a company’s cash flow statement
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.