Trimble (NASDAQ:TRMB) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on TRMB. BidaskClub cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded Trimble from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $44.33.

Shares of Trimble stock opened at $40.36 on Monday. Trimble has a 12-month low of $29.75 and a 12-month high of $44.55. The company has a market cap of $10.08 billion, a PE ratio of 23.88, a P/E/G ratio of 2.07 and a beta of 2.15. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.60.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The company had revenue of $804.50 million for the quarter, compared to analysts’ expectations of $808.58 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that Trimble will post 1.85 earnings per share for the current fiscal year.

In related news, CFO Robert G. Painter sold 1,716 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.00, for a total transaction of $73,788.00. Following the transaction, the chief financial officer now directly owns 31,527 shares of the company’s stock, valued at approximately $1,355,661. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven W. Berglund sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $42.15, for a total value of $4,215,000.00. Following the transaction, the chief executive officer now directly owns 354,144 shares in the company, valued at $14,927,169.60. The disclosure for this sale can be found here. Insiders have sold a total of 263,623 shares of company stock worth $10,803,976 over the last three months. 0.39% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Trimble by 1.9% during the 4th quarter. BlackRock Inc. now owns 26,381,357 shares of the scientific and technical instruments company’s stock worth $868,208,000 after acquiring an additional 489,499 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Trimble by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 21,976,491 shares of the scientific and technical instruments company’s stock worth $955,098,000 after acquiring an additional 74,221 shares during the last quarter. FMR LLC increased its holdings in shares of Trimble by 17.2% during the 1st quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock worth $271,214,000 after acquiring an additional 984,623 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Trimble by 0.8% during the 4th 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 last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Trimble by 6.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 4,975,528 shares of the scientific and technical instruments company’s stock worth $201,011,000 after acquiring an additional 288,459 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.

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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