Trimble (NASDAQ:TRMB) Stock: Insider Kaigham Gabriel Sells 2,476 Shares

Trimble Inc. (NASDAQ:TRMB) Director Kaigham Gabriel sold 2,476 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $65.00, for a total value of $160,940.00. Following the completion of the sale, the director owned 14,950 shares of the company’s stock, valued at approximately $971,750. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kaigham Gabriel also recently made the following trade(s):

• On Tuesday, August 4th, Kaigham Gabriel sold 1,718 shares of Trimble stock. The shares were sold at an average price of $60.00, for a total value of $103,080.00.

Trimble Trading Down 0.3%

Shares of NASDAQ:TRMB opened at $65.61 on Wednesday. The stock has a 50 day moving average of $60.04 and a 200 day moving average of $60.80. The company has a market cap of $15.30 billion, a PE ratio of -133.90, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Trimble Inc. has a 12-month low of $47.92 and a 12-month high of $84.42.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The company had revenue of $972.00 million during the quarter, compared to analyst estimates of $952.09 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, equities research analysts expect that Trimble Inc. will post 3.10 EPS for the current year.

Hedge Funds Weigh In On Trimble

A number of hedge funds and other institutional investors have recently modified their holdings of TRMB. BlackRock Inc. purchased a new position in Trimble during the second quarter worth $1,096,304,000. State Street Corp raised its stake in shares of Trimble by 7.9% in the second quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock valued at $595,976,000 after acquiring an additional 849,549 shares during the period. Generation Investment Management LLP purchased a new stake in shares of Trimble in the second quarter valued at $367,994,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Trimble by 5.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,687,967 shares of the scientific and technical instruments company’s stock worth $267,730,000 after acquiring an additional 239,499 shares during the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Trimble in the 2nd quarter worth about $200,405,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TRMB shares. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Trimble in a research report on Tuesday, July 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Wells Fargo & Company cut their price target on Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $87.00 price objective on shares of Trimble in a research report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.56.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.