Trimble Inc. $TRMB Shares Sold by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lessened its position in shares of Trimble Inc. (NASDAQ:TRMB) by 19.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,025 shares of the scientific and technical instruments company’s stock after selling 3,471 shares during the period. Meixler Investment Management Ltd.’s holdings in Trimble were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TRMB. Balboa Wealth Partners raised its position in shares of Trimble by 4.7% during the 2nd quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after acquiring an additional 144 shares in the last quarter. MAI Capital Management raised its holdings 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 purchasing an additional 165 shares during the period. Horizon Investments LLC lifted its position in shares of Trimble by 5.6% in the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 188 shares during the last quarter. CW Advisors LLC boosted its holdings in shares of Trimble by 1.9% in the 1st quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company’s stock valued at $733,000 after buying an additional 207 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Trimble by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company’s stock valued at $1,386,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRMB shares. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Oppenheimer upped their price objective on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Barclays assumed coverage on Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $92.10.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the transaction, the chief executive officer owned 114,879 shares of the company’s stock, valued at $9,515,427.57. The trade was a 50.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 sale, the director directly owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,321 shares of company stock valued at $18,677,518 over the last three months. Company insiders own 0.54% of the company’s stock.

Trimble Price Performance

NASDAQ TRMB opened at $79.75 on Friday. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The firm has a market capitalization of $18.98 billion, a PE ratio of 68.75, a P/E/G ratio of 3.26 and a beta of 1.65. The company’s 50 day simple moving average is $80.21 and its 200 day simple moving average is $76.32. 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 (NASDAQ:TRMB) last released its 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 firm had revenue of $856.50 million during the quarter. As a group, equities research analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

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.