Robert G. Painter Sells 1,500 Shares of Trimble Inc. (TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) CFO Robert G. Painter sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the completion of the sale, the chief financial officer now owns 15,388 shares in the company, valued at $533,501.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trimble traded up $0.05, reaching $34.83, during trading on Thursday, according to Marketbeat Ratings. The company had a trading volume of 1,315,192 shares, compared to its average volume of 1,141,774. The stock has a market capitalization of $8.61 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.39 and a beta of 2.44. Trimble Inc. has a 12-month low of $34.58 and a 12-month high of $35.08. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Monday, May 7th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $742.20 million for the quarter, compared to analysts’ expectations of $730.66 million. Trimble had a return on equity of 14.28% and a net margin of 4.64%. Trimble’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. research analysts predict that Trimble Inc. will post 1.52 earnings per share for the current year.

TRMB has been the topic of several research reports. TheStreet cut shares of Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Berenberg Bank upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, April 17th. BidaskClub upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Finally, Oppenheimer reiterated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Trimble in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.20.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in Trimble in the 4th quarter worth about $125,000. Advisory Services Network LLC increased its stake in Trimble by 3,428.1% in the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,051 shares in the last quarter. Delpha Capital Management LLC purchased a new position in Trimble in the 4th quarter worth about $134,000. Armor Investment Advisors LLC purchased a new position in Trimble in the 4th quarter worth about $203,000. Finally, TLP Group LLC increased its stake in Trimble by 22,096.2% in the 1st quarter. TLP Group LLC now owns 5,771 shares of the scientific and technical instruments company’s stock worth $207,000 after purchasing an additional 5,745 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

Insider Buying and Selling by Quarter for Trimble (NASDAQ:TRMB)

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