Trimble (NASDAQ:TRMB) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday, BidAskClub reports.

Several other brokerages have also recently issued reports on TRMB. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $46.33.

Shares of NASDAQ:TRMB traded down $0.04 during mid-day trading on Tuesday, hitting $43.91. 879,200 shares of the company traded hands, compared to its average volume of 1,032,852. The stock has a market cap of $11.06 billion, a PE ratio of 25.98, a P/E/G ratio of 2.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. Trimble has a 12-month low of $29.75 and a 12-month high of $46.25. The firm’s 50-day moving average price is $42.89.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $804.50 million for the quarter, compared to analysts’ expectations of $808.58 million. Trimble had a return on equity of 16.15% and a net margin of 9.05%. Trimble’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, research analysts forecast that Trimble will post 1.83 earnings per share for the current year.

In related news, CFO Robert G. Painter sold 5,300 shares of Trimble stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $44.00, for a total transaction of $233,200.00. Following the sale, the chief financial officer now directly owns 60,697 shares in the company, valued at $2,670,668. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James A. Kirkland sold 5,430 shares of Trimble stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $41.10, for a total value of $223,173.00. Following the sale, the insider now owns 39,939 shares in the company, valued at $1,641,492.90. The disclosure for this sale can be found here. Insiders have sold 158,750 shares of company stock worth $6,637,192 over the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Douglass Winthrop Advisors LLC raised its stake in shares of Trimble by 45.2% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 17,110 shares of the scientific and technical instruments company’s stock valued at $772,000 after purchasing an additional 5,323 shares during the period. First Trust Advisors LP raised its stake in shares of Trimble by 20.8% during the 1st quarter. First Trust Advisors LP now owns 20,141 shares of the scientific and technical instruments company’s stock valued at $814,000 after purchasing an additional 3,465 shares during the period. FMR LLC raised its stake in shares of Trimble by 17.2% during 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 purchasing an additional 984,623 shares during the period. Cleararc Capital Inc. bought a new stake in shares of Trimble during the 1st quarter valued at $261,000. Finally, Nordea Investment Management AB raised its stake in shares of Trimble by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 709,838 shares of the scientific and technical instruments company’s stock valued at $28,676,000 after purchasing an additional 26,094 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Trimble Company Profile

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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