Latest Stocks: Insider Selling: Trimble Inc (TRMB) Director Sells 6,000 Shares of Stock

Latest Stocks: Insider Selling: Trimble Inc (TRMB) Director Sells 6,000 Shares of Stock

Trimble Inc (NASDAQ:TRMB) Director Kaigham Gabriel sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $35.53, for a total value of $213,180.00. Following the completion of the sale, the director now directly owns 10,670 shares in the company, valued at approximately $379,105.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Trimble Inc (NASDAQ:TRMB) opened at 37.00 on Tuesday. The stock’s 50 day moving average price is $34.68 and its 200-day moving average price is $31.58. Trimble Inc has a one year low of $23.65 and a one year high of $37.15. The stock has a market cap of $9.36 billion, a P/E ratio of 57.81 and a beta of 2.23.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $613.90 million for the quarter, compared to analyst estimates of $605.32 million. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, analysts predict that Trimble Inc will post $1.40 earnings per share for the current year.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $613.90 million for the quarter, compared to analyst estimates of $605.32 million. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, analysts predict that Trimble Inc will post $1.40 earnings per share for the current year. A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Trimble by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock valued at $722,710,000 after buying an additional 22,242,969 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in Trimble by 217.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,277,587 shares of the scientific and technical instruments company’s stock valued at $128,969,000 after buying an additional 2,928,989 shares in the last quarter. Norges Bank purchased a new stake in Trimble during the fourth quarter valued at about $65,522,000. FMR LLC increased its stake in Trimble by 15.3% in the fourth quarter. FMR LLC now owns 15,547,369 shares of the scientific and technical instruments company’s stock valued at $468,753,000 after buying an additional 2,060,824 shares in the last quarter. Finally, Capital International Investors increased its stake in Trimble by 771.0% in the third quarter. Capital International Investors now owns 1,976,313 shares of the scientific and technical instruments company’s stock valued at $56,443,000 after buying an additional 1,749,413 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on TRMB. Zacks Investment Research lowered Trimble from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Needham & Company LLC boosted their target price on Trimble from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Dougherty & Co raised Trimble from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings Inc. boosted their target price on Trimble from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Finally, Craig Hallum lifted their price target on Trimble from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.50. About Trimble

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