Trimble Inc. $TRMB Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL has decreased its stake in Trimble Inc. by 5.0%, selling 8,355 shares during the second quarter, leaving them with approximately 0.07% ownership valued at $12.1 million.
• Multiple analysts have set new price targets for Trimble, with Barclays issuing an "overweight" rating and a price objective of $100.00, while Oppenheimer raised their target from $88.00 to $94.00.
• Insider selling activity has been noted, including a significant transaction where VP Christopher F. Keating sold 7,365 shares at an average price of $81.74, resulting in a 94.78% decrease in his ownership.

Blair William & Co. IL reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,576 shares of the scientific and technical instruments company's stock after selling 8,355 shares during the period. Blair William & Co. IL owned about 0.07% of Trimble worth $12,125,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in Trimble during the 2nd quarter worth $48,000. Flaharty Asset Management LLC bought a new position in shares of Trimble in the 1st quarter worth about $45,000. Steph & Co. lifted its position in shares of Trimble by 592.0% in the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 592 shares during the last quarter. State of Wyoming bought a new position in shares of Trimble in the 1st quarter worth about $58,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock worth $64,000 after buying an additional 591 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays assumed coverage on shares of Trimble in a research report on Tuesday. They issued an "overweight" rating and a $100.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Trimble in a research report on Wednesday. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the company a "buy" rating in a research report on Friday, October 3rd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Trimble has an average rating of "Buy" and a consensus price target of $92.10.

Trimble Stock Performance

Shares of TRMB opened at $75.63 on Friday. The firm's 50 day moving average is $81.27 and its 200-day moving average is $74.25. The stock has a market capitalization of $18.00 billion, a P/E ratio of 65.20, a P/E/G ratio of 3.25 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Equities research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president directly owned 406 shares of the company's stock, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,821 shares of company stock valued at $18,110,143 in the last quarter. Insiders own 0.54% of the company's stock.

About Trimble

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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