Yousif Capital Management LLC lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,332 shares of the scientific and technical instruments company’s stock after selling 814 shares during the period. Yousif Capital Management LLC’s holdings in Trimble were worth $2,229,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of TRMB. Nuveen LLC purchased a new stake in Trimble during the 1st quarter valued at about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Trimble by 26.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock valued at $458,113,000 after acquiring an additional 1,445,851 shares in the last quarter. Vanguard Group Inc. grew its stake in Trimble by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after acquiring an additional 582,124 shares in the last quarter. Raymond James Financial Inc. grew its stake in Trimble by 296.5% during the 1st quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock valued at $48,680,000 after acquiring an additional 554,514 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in Trimble by 85.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock valued at $73,024,000 after acquiring an additional 511,200 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 target price (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Barclays assumed coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus price target of $92.10.
Insider Transactions at Trimble
In other news, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction that occurred 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 approximately $1,137,999.69. This represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the vice president owned 406 shares in the company, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is currently owned by insiders.
Trimble Stock Performance
Shares of TRMB stock opened at $77.40 on Friday. The firm’s 50 day moving average price is $80.70 and its 200-day moving average price is $74.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The firm has a market cap of $18.42 billion, a P/E ratio of 66.72, a P/E/G ratio of 3.18 and a beta of 1.65.
Trimble (NASDAQ:TRMB – Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million for the quarter. As a group, equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current 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.
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