Trimble (NASDAQ:TRMB) Director Sells $50,505.84 in Stock

Trimble Inc. (NASDAQ:TRMB) Director James Calvin Dalton sold 616 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the transaction, the director directly owned 13,193 shares in the company, valued at approximately $1,081,694.07. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Trimble Trading Down 0.0%

Shares of TRMB opened at $82.30 on Friday. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $19.58 billion, a P/E ratio of 56.37, a PEG ratio of 3.22 and a beta of 1.60. The firm’s 50-day moving average is $79.44 and its two-hundred day moving average is $78.80.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The company had revenue of $856.50 million during the quarter. On average, research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Barclays started coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 target price on shares of Trimble in a research note on Thursday, November 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $94.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Trimble during the fourth quarter worth about $211,000. Avantax Advisory Services Inc. purchased a new stake in shares of Trimble during the first quarter worth about $283,000. Cetera Investment Advisers lifted its stake in shares of Trimble by 9.8% in the first quarter. Cetera Investment Advisers now owns 15,694 shares of the scientific and technical instruments company’s stock worth $1,030,000 after acquiring an additional 1,404 shares in the last quarter. LPL Financial LLC grew its stake in Trimble by 53.7% during the 1st quarter. LPL Financial LLC now owns 68,929 shares of the scientific and technical instruments company’s stock valued at $4,525,000 after purchasing an additional 24,090 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Trimble by 10.4% in the 1st quarter. Mackenzie Financial Corp now owns 25,341 shares of the scientific and technical instruments company’s stock valued at $1,664,000 after purchasing an additional 2,394 shares in the last quarter. 93.21% of the stock is 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's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.