Trimble (NASDAQ:TRMB) Stock: Insider Kaigham Gabriel Sells 2,476 Shares

Trimble Inc. (NASDAQ:TRMB) Director Kaigham Gabriel sold 2,476 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $160,940.00. Following the completion of the sale, the director directly owned 14,950 shares of the company’s stock, valued at approximately $971,750. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kaigham Gabriel also recently made the following trade(s):

• On Tuesday, August 4th, Kaigham Gabriel sold 1,718 shares of Trimble stock. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00.

Trimble Stock Up 1.4%

Shares of NASDAQ:TRMB traded up $0.90 during trading hours on Monday, hitting $65.84. The company’s stock had a trading volume of 2,382,067 shares, compared to its average volume of 2,495,756. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.82. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of -134.36, a P/E/G ratio of 2.10 and a beta of 1.32. The firm’s fifty day moving average price is $59.83 and its 200 day moving average price is $60.94.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. As a group, research analysts expect that Trimble Inc. will post 3.10 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Wells Fargo & Company decreased their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Piper Sandler restated an “overweight” rating and issued a $87.00 price target on shares of Trimble in a report on Thursday, August 13th. Sanford C. Bernstein cut their price objective on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Finally, Barclays lifted their price objective on shares of Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and a consensus target price of $79.56.

Institutional Investors Weigh In On Trimble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Trimble in the 2nd quarter valued at approximately $1,096,304,000. State Street Corp increased its stake in Trimble by 7.9% during the 2nd quarter. State Street Corp now owns 11,644,706 shares of the scientific and technical instruments company’s stock valued at $595,976,000 after purchasing an additional 849,549 shares in the last quarter. Generation Investment Management LLP acquired a new position in Trimble during the 2nd quarter valued at approximately $367,994,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Trimble by 5.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,687,967 shares of the scientific and technical instruments company’s stock worth $267,730,000 after buying an additional 239,499 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new position in shares of Trimble in the second quarter worth $200,405,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Company Profile

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.