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.

Hedge funds have recently made changes to their positions in the company. ETRADE Capital Management LLC grew its stake in shares of Trimble by 3.3% in the fourth quarter. ETRADE Capital Management LLC now owns 22,293 shares of the scientific and technical instruments company’s stock worth $734,000 after acquiring an additional 718 shares during the period. Impax Asset Management Group plc grew its stake in shares of Trimble by 0.8% in the fourth quarter. Impax Asset Management Group plc now owns 5,559,309 shares of the scientific and technical instruments company’s stock worth $182,957,000 after acquiring an additional 46,661 shares during the period. Nordea Investment Management AB grew its stake in shares of Trimble by 37.1% in the fourth quarter. Nordea Investment Management AB now owns 683,744 shares of the scientific and technical instruments company’s stock worth $22,502,000 after acquiring an additional 184,974 shares during the period. Raymond James & Associates grew its stake in shares of Trimble by 14.6% in the fourth quarter. Raymond James & Associates now owns 39,764 shares of the scientific and technical instruments company’s stock worth $1,309,000 after acquiring an additional 5,076 shares during the period. Finally, Parnassus Investments CA grew its stake in shares of Trimble by 41.6% in the fourth quarter. Parnassus Investments CA now owns 3,285,552 shares of the scientific and technical instruments company’s stock worth $108,128,000 after acquiring an additional 964,512 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

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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About Trimble

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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