JPMorgan Chase & Co. downgraded shares of Trimble (NASDAQ:TRMB) from an overweight rating to a neutral rating in a research report report published on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. They currently have $46.00 target price on the scientific and technical instruments company’s stock.

TRMB has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. BidaskClub lowered shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday. Finally, ValuEngine raised shares of China Southern Airlines from a sell rating to a hold rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $46.33.

Trimble stock traded down $0.04 on Wednesday, reaching $43.91. 879,200 shares of the stock were exchanged, compared to its average volume of 1,032,852. The firm has a market cap of $11.06 billion, a PE ratio of 25.98, a PEG ratio of 2.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. Trimble has a twelve month low of $29.75 and a twelve month high of $46.25. The company’s fifty day moving average is $42.95.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $804.50 million during the quarter, compared to analyst estimates of $808.58 million. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Equities analysts anticipate that Trimble will post 1.83 EPS for the current fiscal year.

In other news, CFO Robert G. Painter sold 5,300 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $44.00, for a total transaction of $233,200.00. Following the completion of the transaction, the chief financial officer now owns 60,697 shares of the company’s stock, valued at $2,670,668. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven W. Berglund sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $42.15, for a total transaction of $4,215,000.00. Following the transaction, the chief executive officer now directly owns 354,144 shares of the company’s stock, valued at approximately $14,927,169.60. The disclosure for this sale can be found here. Insiders have sold 158,750 shares of company stock valued at $6,637,192 in the last ninety days. 0.39% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TRMB. Lake Point Wealth Management acquired a new position in Trimble in the fourth quarter worth about $31,000. Liberty Wealth Management LLC acquired a new position in Trimble in the fourth quarter worth about $36,000. Cornerstone Advisors Inc. raised its position in Trimble by 34.9% in the first quarter. Cornerstone Advisors Inc. now owns 997 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 258 shares in the last quarter. Captrust Financial Advisors raised its position in Trimble by 152.3% in the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock worth $62,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Enterprise Financial Services Corp acquired a new position in Trimble in the first quarter worth about $163,000. 92.02% of the stock is owned by institutional investors and hedge funds.

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; and integrated workplace management services software.

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