Trimble Inc (NASDAQ:TRMB) SVP Sachin Sankpal Sells 7,457 Shares

Trimble Inc (NASDAQ:TRMB) SVP Sachin Sankpal sold 7,457 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $40.37, for a total transaction of $301,039.09. Following the completion of the sale, the senior vice president now owns 35,984 shares of the company’s stock, valued at $1,452,674.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TRMB opened at $39.95 on Wednesday. The firm has a market cap of $10.12 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.21 and a beta of 2.01. 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 business has a 50 day moving average price of $39.94 and a 200 day moving average price of $40.39. Trimble Inc has a twelve month low of $29.75 and a twelve month high of $46.25.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $807.49 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Trimble Inc will post 1.68 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $42.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maverick Capital Ltd. bought a new position in Trimble in the 3rd quarter worth $1,010,000. Metropolitan Life Insurance Co NY boosted its holdings in Trimble by 0.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 72,384 shares of the scientific and technical instruments company’s stock valued at $2,809,000 after acquiring an additional 497 shares during the period. Millennium Management LLC boosted its holdings in Trimble by 1,166.2% during the third quarter. Millennium Management LLC now owns 1,270,618 shares of the scientific and technical instruments company’s stock valued at $49,312,000 after acquiring an additional 1,170,266 shares during the period. Man Group plc grew its position in shares of Trimble by 30.1% in the third quarter. Man Group plc now owns 13,004 shares of the scientific and technical instruments company’s stock valued at $505,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Trimble by 168.8% in the third quarter. Squarepoint Ops LLC now owns 81,741 shares of the scientific and technical instruments company’s stock valued at $3,172,000 after purchasing an additional 51,332 shares during the last quarter. 89.49% 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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