Key Points
- Trimble director Kaigham Gabriel sold 1,718 shares on November 6 at an average price of $81 for a $139,158 transaction, cutting his stake by 10.17% to 15,170 shares (about $1.23M).
- Trimble (NASDAQ:TRMB) trades near $79.70 with a market cap of $18.96B, a PE of 68.7 and a 52‑week range of $52.91–$87.50; analysts carry an average Buy rating with a consensus price target of $94.20.
Trimble Inc. (NASDAQ:TRMB - Get Free Report) Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction that occurred on Thursday, November 6th. The stock was 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 of the company's stock, valued at approximately $1,228,770. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Trimble Stock Performance
NASDAQ TRMB opened at $79.70 on Tuesday. The firm's fifty day moving average price is $79.96 and its two-hundred day moving average price is $77.32. The stock has a market cap of $18.96 billion, a PE ratio of 68.71, a PEG ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.
Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. On average, equities analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on TRMB. Piper Sandler reiterated an "overweight" rating and set a $97.00 target price on shares of Trimble in a research report on Friday. Barclays assumed coverage on shares of Trimble in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $100.00 price objective on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $102.00 target price on shares of Trimble in a research report on Thursday. Raymond James Financial reiterated an "outperform" rating and issued a $93.00 price target (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on Trimble from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Trimble presently has an average rating of "Buy" and a consensus price target of $94.20.
Get Our Latest Stock Analysis on TRMB
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Trimble in the fourth quarter worth approximately $211,000. OneDigital Investment Advisors LLC grew its position in shares of Trimble by 30.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company's stock worth $268,000 after buying an additional 943 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Trimble by 3.7% during 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 buying an additional 10,201 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Trimble by 0.5% in 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 acquiring an additional 290 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new position in shares of Trimble during the 1st quarter valued at $335,000. 93.21% of the stock is owned by institutional investors and hedge funds.
About Trimble
(
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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.
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