Trimble Inc. $TRMB Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its stake in Trimble Inc. by 18.9% during Q2, selling 19,079 shares. The holdings were valued at $6.21 million. Other investors also adjusted their positions. Insiders sold 24,692 shares worth $1.95 million in the last 90 days. Analysts have given Trimble a consensus 'Buy' rating with a target price of $94.18. Trimble's stock opened at $80.85, with a market cap of $19.24 billion and a P/E ratio of 69.70.

Edmond DE Rothschild Holding S.A. cut its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,745 shares of the scientific and technical instruments company's stock after selling 19,079 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Trimble were worth $6,211,000 at the end of the most recent reporting period.

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A number of other large investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the 2nd quarter valued at about $34,000. Ameritas Advisory Services LLC bought a new stake in Trimble in the second quarter valued at about $48,000. Flaharty Asset Management LLC acquired a new stake in Trimble during the first quarter valued at approximately $45,000. Steph & Co. lifted its holdings in Trimble by 592.0% during 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. Finally, Evelyn Partners Investment Management LLP grew its position in shares of Trimble by 605.0% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 705 shares of the scientific and technical instruments company's stock worth $49,000 after acquiring an additional 605 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the completion of the transaction, the vice president owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 609 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the transaction, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,692 shares of company stock worth $1,954,986 over the last 90 days. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

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TRMB has been the topic of several research reports. Raymond James Financial reissued an "outperform" rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Oppenheimer reaffirmed an "outperform" rating and issued a $102.00 price target on shares of Trimble in a report on Thursday, November 6th. Barclays assumed coverage on shares of Trimble in a research note on Tuesday, October 7th. They set an "overweight" rating and a $100.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Trimble currently has a consensus rating of "Buy" and a consensus target price of $94.18.

Get Our Latest Research Report on Trimble

Trimble Trading Up 2.3%

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Trimble stock opened at $80.85 on Wednesday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 69.70, a PEG ratio of 3.26 and a beta of 1.66. The firm has a 50-day moving average price of $79.36 and a two-hundred day moving average price of $78.38.

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

Trimble Profile

(Free Report)

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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