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 Trimble stock in a transaction on Wednesday, November 6th. The shares were 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 directly owns 640,605 shares of the company’s stock, valued at approximately $25,739,508.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TRMB opened at $40.79 on Friday. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.26 and a beta of 2.03. The company has a fifty day moving average of $38.93 and a two-hundred day moving average of $40.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.00. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $46.25.

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

TRMB has been the subject of a number of recent analyst reports. BidaskClub raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday. Craig Hallum reaffirmed a “hold” rating and issued a $35.00 price objective (down previously from $36.00) on shares of Trimble in a report on Thursday, August 1st. Finally, ValuEngine cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.33.

Several hedge funds have recently added to or reduced their stakes in TRMB. First Trust Advisors LP increased its stake in shares of Trimble by 20.8% during the first quarter. First Trust Advisors LP now owns 20,141 shares of the scientific and technical instruments company’s stock worth $814,000 after purchasing an additional 3,465 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of Trimble by 45.2% during the second quarter. Douglass Winthrop Advisors LLC now owns 17,110 shares of the scientific and technical instruments company’s stock worth $772,000 after purchasing an additional 5,323 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Trimble by 21.0% during the second quarter. Xact Kapitalforvaltning AB now owns 25,311 shares of the scientific and technical instruments company’s stock worth $1,142,000 after purchasing an additional 4,396 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Trimble during the second quarter worth about $223,000. Finally, OLD National Bancorp IN increased its stake in shares of Trimble by 9.4% during the second quarter. OLD National Bancorp IN now owns 6,924 shares of the scientific and technical instruments company’s stock worth $312,000 after purchasing an additional 594 shares in the last quarter. 90.18% of the stock is owned by institutional investors and hedge funds.

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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