Trimble Inc (TRMB) Director Kaigham Gabriel Sells 3,500 Shares
Trimble Inc (NASDAQ:TRMB) Director Kaigham Gabriel sold 3,500 shares of Trimble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $41.03, for a total transaction of $143,605.00. Following the completion of the transaction, the director now directly owns 8,862 shares of the company’s stock, valued at $363,607.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Trimble stock opened at $39.51 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.77. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 2.07 and a beta of 2.15. Trimble Inc has a 52-week low of $29.75 and a 52-week high of $44.55.
Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $804.50 million during the quarter, compared to analysts’ expectations of $808.58 million. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, research analysts predict that Trimble Inc will post 1.85 EPS for the current year.
Several research analysts have issued reports on the stock. BidaskClub raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, ValuEngine raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Trimble currently has an average rating of “Buy” and a consensus target price of $44.33.
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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; and integrated workplace management services software.
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