Trimble Inc (NASDAQ:TRMB) CEO Steven W. Berglund sold 308,575 shares of Trimble stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.18, for a total value of $12,398,543.50. Following the sale, the chief executive officer now directly owns 640,605 shares of the company’s stock, valued at approximately $25,739,508.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of TRMB opened at $40.79 on Monday. The stock has a 50-day moving average of $38.93 and a two-hundred day moving average of $40.57. Trimble Inc has a one year low of $29.75 and a one year high of $46.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.00. The stock has a market cap of $10.32 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.26 and a beta of 2.03.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. Trimble had a return on equity of 15.63% and a net margin of 9.97%. The company had revenue of $874.30 million during the quarter, compared to analysts’ expectations of $807.49 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Trimble Inc will post 1.68 EPS for the current fiscal year.

A number of brokerages have commented on TRMB. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum reaffirmed a “hold” rating and set a $35.00 price target (down previously from $36.00) on shares of Trimble in a research report on Thursday, August 1st. Finally, ValuEngine cut Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Trimble has an average rating of “Hold” and an average target price of $42.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Trimble by 1.0% during the 2nd quarter. BlackRock Inc. now owns 26,202,380 shares of the scientific and technical instruments company’s stock valued at $1,181,991,000 after buying an additional 261,511 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Trimble by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,284,998 shares of the scientific and technical instruments company’s stock valued at $1,050,386,000 after buying an additional 346,945 shares during the last quarter. Parnassus Investments CA raised its stake in shares of Trimble by 6.0% during the 3rd quarter. Parnassus Investments CA now owns 10,574,590 shares of the scientific and technical instruments company’s stock valued at $410,400,000 after buying an additional 602,351 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of Trimble by 0.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,696,561 shares of the scientific and technical instruments company’s stock valued at $166,752,000 after buying an additional 28,262 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Trimble by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,316,727 shares of the scientific and technical instruments company’s stock valued at $149,618,000 after buying an additional 18,814 shares during the last quarter. Institutional investors and hedge funds own 90.18% of the company’s stock.

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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