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

Yousif Capital Management LLC reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,332 shares of the scientific and technical instruments company’s stock after selling 814 shares during the period. Yousif Capital Management LLC’s holdings in Trimble were worth $2,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MAI Capital Management lifted its stake in shares of Trimble by 6.6% during the first quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock worth $176,000 after buying an additional 165 shares during the period. Horizon Investments LLC raised its holdings in shares of Trimble by 5.6% during the first quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 188 shares during the last quarter. CW Advisors LLC raised its holdings in shares of Trimble by 1.9% during the first quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company’s stock worth $733,000 after purchasing an additional 207 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Trimble by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company’s stock worth $1,386,000 after purchasing an additional 210 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Trimble by 3.0% during the second quarter. V Square Quantitative Management LLC now owns 7,181 shares of the scientific and technical instruments company’s stock worth $546,000 after purchasing an additional 210 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TRMB. Raymond James Financial reissued an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Barclays began coverage on shares of Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two 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 MarketBeat.com, Trimble currently has an average rating of “Buy” and an average price target of $92.10.

Trimble Stock Down 0.6%

TRMB opened at $77.40 on Friday. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The company has a fifty day moving average of $80.70 and a two-hundred day moving average of $74.69. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 66.72, a PEG ratio of 3.18 and a beta of 1.65.

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

Insider Transactions at Trimble

In other news, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction dated 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 owned 13,809 shares of the company’s stock, valued at $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,321 shares of company stock valued at $18,677,518 over the last 90 days. 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.