Trimble Inc. $TRMB Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,208,377 shares of the scientific and technical instruments company’s stock after selling 69,109 shares during the quarter. Geode Capital Management LLC’s holdings in Trimble were worth $469,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the second quarter valued at $34,000. Flaharty Asset Management LLC acquired a new position in shares of Trimble in the first quarter valued at approximately $45,000. Ameritas Advisory Services LLC purchased a new position in shares of Trimble during the second quarter valued at approximately $48,000. Steph & Co. grew its stake in 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 acquiring an additional 592 shares during the period. Finally, State of Wyoming acquired a new position in Trimble in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

TRMB opened at $77.56 on Friday. The company has a 50 day moving average of $79.93 and a two-hundred day moving average of $77.70. 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 Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a market cap of $18.45 billion, a P/E ratio of 66.86, a P/E/G ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS 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, analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRMB shares. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. Finally, Wells Fargo & Company began coverage on shares of Trimble in a research note on Thursday. They set an “overweight” rating and a $94.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $94.18.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 1,718 shares of the business’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 directly owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. The trade was a 10.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the sale, the director directly owned 13,809 shares of the company’s stock, valued at $1,137,999.69. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,692 shares of company stock valued at $1,954,986. Corporate insiders own 0.54% of the company’s stock.

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.