Trimble Inc (NASDAQ:TRMB) CEO Steven W. Berglund Sells 308,575 Shares

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

Shares of TRMB opened at $40.79 on Friday. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $46.25. The firm’s 50 day moving average price is $38.93 and its 200 day moving average price is $40.57. The company has a market cap of $10.32 billion, a P/E ratio of 24.14, a PEG ratio of 3.26 and a beta of 2.03. The company has a quick ratio of 0.73, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. Trimble had a net margin of 9.97% and a return on equity of 15.63%. The firm had revenue of $874.30 million for the quarter, compared to the consensus estimate of $807.49 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts forecast that Trimble Inc will post 1.68 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of Trimble by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 806 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 327 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Trimble by 4.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,650 shares of the scientific and technical instruments company’s stock valued at $375,000 after purchasing an additional 400 shares during the last quarter. World Asset Management Inc increased its position in shares of Trimble by 3.5% in the 2nd quarter. World Asset Management Inc now owns 13,785 shares of the scientific and technical instruments company’s stock valued at $622,000 after purchasing an additional 461 shares during the last quarter. Security National Bank increased its position in shares of Trimble by 1.1% in the 2nd quarter. Security National Bank now owns 44,946 shares of the scientific and technical instruments company’s stock valued at $2,028,000 after purchasing an additional 487 shares during the last quarter. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of Trimble in the 2nd quarter valued at approximately $26,000. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Craig Hallum restated a “hold” rating and issued a $35.00 price objective (down from $36.00) on shares of Trimble in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.33.

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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