Ronald Bisio Sells 4,265 Shares of Trimble Inc (NASDAQ:TRMB) Stock

Trimble Inc (NASDAQ:TRMB) VP Ronald Bisio sold 4,265 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $38.14, for a total transaction of $162,667.10. Following the transaction, the vice president now owns 8,953 shares in the company, valued at approximately $341,467.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TRMB traded up $0.12 during trading on Tuesday, reaching $38.36. 67,643 shares of the company’s stock were exchanged, compared to its average volume of 854,479. The company has a market capitalization of $9.55 billion, a P/E ratio of 22.60, a PEG ratio of 2.23 and a beta of 2.01. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $38.98 and a 200 day moving average price of $40.91. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $46.25.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $855.80 million for the quarter, compared to analyst estimates of $864.69 million. Trimble had a net margin of 9.80% and a return on equity of 15.96%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. As a group, research analysts forecast that Trimble Inc will post 1.7 EPS for the current year.



Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Trimble from an “overweight” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Wednesday, July 10th. Craig Hallum reissued a “hold” rating and set a $35.00 target price (down from $36.00) on shares of Trimble in a research report on Thursday, August 1st. ValuEngine lowered Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BidaskClub cut Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Trimble has an average rating of “Hold” and an average price target of $43.50.

A number of large investors have recently bought and sold shares of TRMB. BlackRock Inc. lifted its holdings in Trimble by 1.0% during the 2nd quarter. BlackRock Inc. now owns 26,202,380 shares of the scientific and technical instruments company’s stock valued at $1,181,991,000 after purchasing an additional 261,511 shares during the last quarter. Vanguard Group Inc. grew its stake in Trimble by 1.5% during the second quarter. Vanguard Group Inc. now owns 23,284,998 shares of the scientific and technical instruments company’s stock worth $1,050,386,000 after buying an additional 346,945 shares during the last quarter. Parnassus Investments CA increased its holdings in shares of Trimble by 203.5% during the second quarter. Parnassus Investments CA now owns 9,972,239 shares of the scientific and technical instruments company’s stock worth $449,848,000 after buying an additional 6,686,687 shares in the last quarter. FMR LLC increased its holdings in shares of Trimble by 17.2% during the first quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock worth $271,214,000 after buying an additional 984,623 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Trimble by 6.2% in the first quarter. Pictet Asset Management Ltd. now owns 4,975,528 shares of the scientific and technical instruments company’s stock valued at $201,011,000 after acquiring an additional 288,459 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

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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