Kaigham Gabriel Sells 1,718 Shares of Trimble (NASDAQ:TRMB) Stock

Trimble Inc. (NASDAQ:TRMB) Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the transaction, the director owned 17,426 shares in the company, valued at approximately $1,045,560. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trimble Trading Up 1.6%

TRMB opened at $59.51 on Friday. Trimble Inc. has a one year low of $47.92 and a one year high of $84.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 0.88. The business has a 50 day simple moving average of $53.25 and a two-hundred day simple moving average of $61.04. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.95 and a beta of 1.37.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $939.90 million for the quarter, compared to analyst estimates of $905.60 million. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Analysts predict that Trimble Inc. will post 3.01 EPS for the current year.

Institutional Trading of Trimble

A number of hedge funds have recently modified their holdings of TRMB. Rothschild Investment LLC lifted its position in Trimble by 193.6% during the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 213 shares during the period. DV Equities LLC bought a new stake in Trimble during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Trimble in the fourth quarter worth about $27,000. Quarry LP increased its stake in shares of Trimble by 175.8% during the third quarter. Quarry LP now owns 364 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Finally, BOKF NA increased its stake in shares of Trimble by 103.8% during the fourth quarter. BOKF NA now owns 426 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Trimble from $88.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Barclays lowered their price objective on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.62.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.