Trimble (NASDAQ:TRMB) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

TRMB has been the subject of a number of other research reports. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Trimble presently has a consensus rating of “Hold” and an average price target of $42.00.

Shares of TRMB opened at $38.79 on Thursday. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.59 and a beta of 2.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.93 and a quick ratio of 1.54. Trimble has a 12 month low of $32.01 and a 12 month high of $45.70.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $785.50 million during the quarter, compared to analysts’ expectations of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Trimble will post 1.62 earnings per share for the current fiscal year.

In other news, SVP Sachin Sankpal sold 3,151 shares of Trimble stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total value of $135,556.02. Following the completion of the transaction, the senior vice president now owns 17,997 shares in the company, valued at $774,230.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert G. Painter sold 1,500 shares of Trimble stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $34.33, for a total transaction of $51,495.00. Following the completion of the transaction, the chief financial officer now owns 13,888 shares of the company’s stock, valued at approximately $476,775.04. The disclosure for this sale can be found here. Insiders sold 111,251 shares of company stock valued at $4,504,418 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Swiss National Bank raised its stake in shares of Trimble by 1.6% in the second quarter. Swiss National Bank now owns 821,700 shares of the scientific and technical instruments company’s stock valued at $26,985,000 after acquiring an additional 13,300 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Trimble by 0.5% in the second quarter. Retirement Systems of Alabama now owns 322,715 shares of the scientific and technical instruments company’s stock valued at $10,598,000 after acquiring an additional 1,629 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Trimble by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 5,557,677 shares of the scientific and technical instruments company’s stock valued at $182,514,000 after acquiring an additional 207,766 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Trimble by 15.0% in the second quarter. State of Alaska Department of Revenue now owns 25,720 shares of the scientific and technical instruments company’s stock valued at $844,000 after acquiring an additional 3,350 shares during the last quarter. Finally, Natixis raised its stake in shares of Trimble by 16.6% in the second quarter. Natixis now owns 27,845 shares of the scientific and technical instruments company’s stock valued at $914,000 after acquiring an additional 3,968 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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Analyst Recommendations for Trimble (NASDAQ:TRMB)

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