Northern Trust Corp grew its stake in Trimble Inc (NASDAQ:TRMB) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,348,148 shares of the scientific and technical instruments company’s stock after buying an additional 66,692 shares during the quarter. Northern Trust Corp’s holdings in Trimble were worth $77,278,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in TRMB. Bank of New York Mellon Corp boosted its holdings in shares of Trimble by 24,279.4% in the third quarter. Bank of New York Mellon Corp now owns 3,787,337 shares of the scientific and technical instruments company’s stock valued at $164,597,000 after buying an additional 3,771,802 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Trimble by 3,229.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock worth $99,000 after purchasing an additional 3,174,232 shares in the last quarter. Capital International Investors lifted its position in shares of Trimble by 38.2% in the third quarter. Capital International Investors now owns 11,285,352 shares of the scientific and technical instruments company’s stock worth $490,461,000 after purchasing an additional 3,121,423 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Trimble by 95.0% in the third quarter. Select Equity Group L.P. now owns 3,645,708 shares of the scientific and technical instruments company’s stock worth $158,442,000 after purchasing an additional 1,776,477 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of Trimble in the third quarter worth $65,199,000. Institutional investors own 90.56% of the company’s stock.
A number of analysts have recently commented on TRMB shares. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $41.00 to $40.00 in a research report on Thursday, January 10th. BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.00.
In other news, CEO Steven W. Berglund sold 381,675 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $37.73, for a total value of $14,400,597.75. Following the transaction, the chief executive officer now directly owns 574,467 shares of the company’s stock, valued at $21,674,639.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ulf J. Johansson sold 85,000 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $38.05, for a total transaction of $3,234,250.00. Following the completion of the transaction, the director now directly owns 60,356 shares in the company, valued at $2,296,545.80. The disclosure for this sale can be found here. Insiders have sold 625,336 shares of company stock worth $23,979,921 over the last ninety days. Insiders own 0.36% of the company’s stock.
NASDAQ TRMB opened at $39.78 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 1.03. Trimble Inc has a 1 year low of $29.75 and a 1 year high of $44.55. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.02 and a beta of 2.18.
Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The firm had revenue of $792.90 million for the quarter, compared to analyst estimates of $809.82 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Trimble Inc will post 1.84 EPS for the current year.
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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software.
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