IFP Advisors Inc Buys 1,173 Shares of Trimble Inc. $TRMB

IFP Advisors Inc boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1,161.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the scientific and technical instruments company’s stock after buying an additional 1,173 shares during the quarter. IFP Advisors Inc’s holdings in Trimble were worth $98,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new stake in Trimble during the 1st quarter valued at about $45,000. Ameritas Advisory Services LLC bought a new stake in Trimble during the 2nd quarter valued at about $48,000. 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 valued at $53,000 after buying an additional 592 shares in the last quarter. State of Wyoming bought a new stake in shares of Trimble in the 1st quarter valued at about $58,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock valued at $64,000 after purchasing an additional 591 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $92.10.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the sale, the chief executive officer owned 92,379 shares of the company’s stock, valued at approximately $6,988,471.35. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Keating sold 7,365 shares of the business’s 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 directly owned 406 shares in the company, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,321 shares of company stock valued at $18,677,518. Insiders own 0.54% of the company’s stock.

Trimble Stock Down 0.6%

Shares of Trimble stock opened at $77.40 on Monday. The firm’s 50 day moving average price is $80.70 and its 200-day moving average price is $74.79. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a market cap of $18.42 billion, a P/E ratio of 66.72, a PEG ratio of 3.18 and a beta of 1.65.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (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. On average, sell-side analysts predict 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.