BidaskClub cut shares of Trimble (NASDAQ:TRMB) from a buy rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

Other analysts have also issued research reports about the stock. ValuEngine raised shares of Trimble from a hold rating to a buy rating in a report on Friday, May 3rd. Zacks Investment Research raised shares of Trimble from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $44.33.

NASDAQ:TRMB opened at $39.51 on Friday. Trimble has a 1 year low of $29.75 and a 1 year high of $44.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.77. The company has a market capitalization of $10.08 billion, a PE ratio of 23.38, a PEG ratio of 2.07 and a beta of 2.15.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The firm had revenue of $804.50 million during the quarter, compared to analysts’ expectations of $808.58 million. During the same quarter in the previous year, the company posted $0.44 EPS. Trimble’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Trimble will post 1.85 EPS for the current year.

In other news, Director Kaigham Gabriel sold 3,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $41.03, for a total value of $143,605.00. Following the completion of the transaction, the director now owns 8,862 shares of the company’s stock, valued at approximately $363,607.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert G. Painter sold 1,716 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.00, for a total transaction of $73,788.00. Following the completion of the transaction, the chief financial officer now directly owns 31,527 shares of the company’s stock, valued at approximately $1,355,661. The disclosure for this sale can be found here. Insiders have sold a total of 272,591 shares of company stock valued at $11,160,902 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Trimble by 1.9% in the 4th quarter. BlackRock Inc. now owns 26,381,357 shares of the scientific and technical instruments company’s stock valued at $868,208,000 after buying an additional 489,499 shares during the period. Vanguard Group Inc grew its holdings in shares of Trimble by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 21,976,491 shares of the scientific and technical instruments company’s stock valued at $955,098,000 after buying an additional 74,221 shares during the period. FMR LLC grew its holdings in shares of Trimble by 17.2% in the 1st quarter. FMR LLC now owns 6,713,240 shares of the scientific and technical instruments company’s stock valued at $271,214,000 after buying an additional 984,623 shares during the period. Impax Asset Management Group plc grew its holdings in shares of Trimble by 0.8% in the 4th quarter. Impax Asset Management Group plc now owns 5,559,309 shares of the scientific and technical instruments company’s stock valued at $182,957,000 after buying an additional 46,661 shares during the period. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Trimble by 6.2% in the 1st 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 buying an additional 288,459 shares during the period. 91.25% of the stock is owned by 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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