Trimble Inc (NASDAQ:TRMB) CEO Steven W. Berglund sold 308,575 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.18, for a total value of $12,398,543.50. Following the completion of the transaction, the chief executive officer now owns 640,605 shares of the company’s stock, valued at approximately $25,739,508.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ:TRMB opened at $40.79 on Friday. The stock has a fifty day moving average price of $38.93 and a two-hundred day moving average price of $40.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.00. Trimble Inc has a 1 year low of $29.75 and a 1 year high of $46.25. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.26 and a beta of 2.03.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Trimble had a return on equity of 15.63% and a net margin of 9.97%. The firm had revenue of $874.30 million for the quarter, compared to analyst estimates of $807.49 million. During the same period last year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Trimble Inc will post 1.68 EPS for the current year.

TRMB has been the subject of several research analyst reports. ValuEngine cut Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Craig Hallum reiterated a “hold” rating and issued a $35.00 price objective (down previously from $36.00) on shares of Trimble in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.33.

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in Trimble by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 806 shares of the scientific and technical instruments company’s stock worth $31,000 after buying an additional 327 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Trimble by 4.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,650 shares of the scientific and technical instruments company’s stock valued at $375,000 after purchasing an additional 400 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Trimble by 3.5% in the 2nd quarter. World Asset Management Inc now owns 13,785 shares of the scientific and technical instruments company’s stock valued at $622,000 after purchasing an additional 461 shares in the last quarter. Security National Bank lifted its stake in shares of Trimble by 1.1% in the 2nd quarter. Security National Bank now owns 44,946 shares of the scientific and technical instruments company’s stock valued at $2,028,000 after purchasing an additional 487 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new position in shares of Trimble in the 2nd quarter valued at about $26,000. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: Understanding Market Liquidity

Insider Buying and Selling by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.