IT HASN'T BEEN ALL sunshine at Trimble, however. This spring, so far the coldest on record in the U.S., farmers have delayed their plantings and put off new expenditures. Trimble shares are down 6% in 2013, even as the broad market continues to set new highs.
And last month, the company's first-quarter report disappointed investors, as Trimble missed sales estimates for the first time in four years. Two weeks later, the company's chief financial officer, who had eight years on the job, resigned to work for a nearby start-up. The back-to-back events have surely weighed on Trimble shares.