Trimble Inc. $TRMB Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 29.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,710 shares of the scientific and technical instruments company’s stock after buying an additional 1,529 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Trimble were worth $510,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Flaharty Asset Management LLC acquired a new stake in shares of Trimble during the first quarter valued at $45,000. Steph & Co. lifted its holdings in Trimble by 592.0% in the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 592 shares in the last quarter. State of Wyoming acquired a new stake in shares of Trimble during the 1st quarter worth about $58,000. Farther Finance Advisors LLC grew its holdings in shares of Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after buying an additional 591 shares in the last quarter. Finally, Friedenthal Financial raised its position in shares of Trimble by 64.7% in the first quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company’s stock valued at $76,000 after buying an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Oppenheimer raised their price objective on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Berenberg Bank set a $95.00 target price on Trimble and gave the company a “buy” rating in a research note on Friday. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $91.22.

Trimble Price Performance

Shares of TRMB stock opened at $80.72 on Monday. The firm has a fifty day simple moving average of $81.79 and a 200-day simple moving average of $74.01. The company has a market capitalization of $19.21 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 3.31 and a beta of 1.65. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $875.70 million for the quarter, compared to the consensus estimate of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction that occurred 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 directly owned 406 shares in the company, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark David Schwartz sold 1,404 shares of Trimble stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $112,320.00. Following the completion of the sale, the vice president owned 21,001 shares of the company’s stock, valued at approximately $1,680,080. This trade represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 228,881 shares of company stock worth $19,066,393 over the last quarter. 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.