Trimble (TRMB) Given Media Sentiment Score of 0.12

News articles about Trimble (NASDAQ:TRMB) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trimble earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 46.2112227500771 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of Trimble (TRMB) traded down $0.29 during mid-day trading on Wednesday, hitting $40.94. The stock had a trading volume of 795,544 shares, compared to its average volume of 1,002,296. The company has a market cap of $10,357.46, a price-to-earnings ratio of 32.91, a P/E/G ratio of 2.89 and a beta of 2.35. Trimble has a 12-month low of $28.61 and a 12-month high of $43.97. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $660.11 million. Trimble had a return on equity of 12.97% and a net margin of 7.66%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. research analysts forecast that Trimble will post 1.27 EPS for the current fiscal year.

Trimble announced that its Board of Directors has authorized a share buyback program on Wednesday, November 15th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

TRMB has been the topic of a number of analyst reports. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Berenberg Bank initiated coverage on Trimble in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 price target on the stock. Piper Jaffray Companies set a $43.00 price target on Trimble and gave the stock a “buy” rating in a research note on Friday, August 25th. Robert W. Baird lifted their price target on Trimble from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, September 22nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Trimble in a research note on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.70.

In other news, CEO Steven W. Berglund sold 200,000 shares of Trimble stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $40.45, for a total value of $8,090,000.00. Following the sale, the chief executive officer now directly owns 350,489 shares in the company, valued at approximately $14,177,280.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jurgen Kliem sold 995 shares of Trimble stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the sale, the vice president now owns 18,175 shares in the company, valued at $772,437.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,278 shares of company stock worth $12,969,243. Corporate insiders own 1.40% of the company’s stock.

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Trimble Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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

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