Trimble Inc. (NASDAQ:TRMB) – Equities research analysts at William Blair boosted their Q1 2018 earnings per share (EPS) estimates for shares of Trimble in a research note issued to investors on Monday, April 23rd. William Blair analyst J. Ho now anticipates that the scientific and technical instruments company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.33. William Blair also issued estimates for Trimble’s FY2019 earnings at $1.79 EPS.
A number of other research analysts have also recently weighed in on the company. Berenberg Bank upgraded Trimble from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, April 17th. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, April 12th. BidaskClub lowered Trimble from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 28th. TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Oppenheimer set a $50.00 price objective on Trimble and gave the company a “buy” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.00.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business had revenue of $708.40 million during the quarter, compared to analysts’ expectations of $674.84 million. During the same quarter last year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 21.0% on a year-over-year basis.
In other Trimble news, SVP Darryl R. Matthews sold 5,683 shares of the firm’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $34.75, for a total value of $197,484.25. Following the sale, the senior vice president now directly owns 18,453 shares of the company’s stock, valued at approximately $641,241.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.25, for a total value of $7,850,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 477,629 shares of company stock worth $18,755,624. Corporate insiders own 0.36% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Aperio Group LLC boosted its stake in Trimble by 1.9% in the 4th quarter. Aperio Group LLC now owns 69,923 shares of the scientific and technical instruments company’s stock worth $2,842,000 after buying an additional 1,317 shares during the last quarter. LPL Financial LLC boosted its stake in Trimble by 15.2% in the 4th quarter. LPL Financial LLC now owns 10,578 shares of the scientific and technical instruments company’s stock worth $430,000 after buying an additional 1,395 shares during the last quarter. Oakbrook Investments LLC boosted its stake in Trimble by 7.7% in the 4th quarter. Oakbrook Investments LLC now owns 21,560 shares of the scientific and technical instruments company’s stock worth $876,000 after buying an additional 1,540 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Trimble by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,794 shares of the scientific and technical instruments company’s stock worth $2,024,000 after buying an additional 1,596 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in Trimble by 1.2% in the 4th quarter. Stanley Laman Group Ltd. now owns 161,149 shares of the scientific and technical instruments company’s stock worth $6,549,000 after buying an additional 1,833 shares during the last quarter. 90.04% of the stock is currently owned by hedge funds and other institutional investors.
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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; 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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