Insider Selling: Trimble (NASDAQ:TRMB) Director Sells $139,158.00 in Stock

Trimble Inc. (NASDAQ:TRMB) Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total transaction of $139,158.00. Following the transaction, the director owned 15,170 shares in the company, valued at approximately $1,228,770. This trade represents a 10.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Trimble Price Performance

NASDAQ:TRMB opened at $82.19 on Thursday. The business’s 50-day simple moving average is $80.05 and its two-hundred day simple moving average is $77.48. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The stock has a market cap of $19.55 billion, a PE ratio of 70.85, a P/E/G ratio of 3.26 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last released its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. As a group, analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRMB. Raymond James Financial reiterated an “outperform” rating and set a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $102.00 price objective on shares of Trimble in a report on Thursday, November 6th. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $94.20.

Hedge Funds Weigh In On Trimble

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Trimble in the 4th quarter valued at about $211,000. OneDigital Investment Advisors LLC lifted its stake in shares of Trimble by 30.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after purchasing an additional 943 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Trimble by 3.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 283,216 shares of the scientific and technical instruments company’s stock worth $18,593,000 after purchasing an additional 10,201 shares during the period. Nisa Investment Advisors LLC raised its holdings in Trimble by 0.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 61,673 shares of the scientific and technical instruments company’s stock valued at $4,049,000 after buying an additional 290 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Trimble during the 1st quarter valued at $335,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

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's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.