TD Asset Management Inc Has $8.20 Million Position in Trimble Inc. $TRMB

TD Asset Management Inc cut its position in Trimble Inc. (NASDAQ:TRMB) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 107,895 shares of the scientific and technical instruments company’s stock after selling 4,454 shares during the quarter. TD Asset Management Inc’s holdings in Trimble were worth $8,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRMB. Nuveen LLC acquired a new position in shares of Trimble in the 1st quarter valued at approximately $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trimble by 26.1% in 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 buying an additional 1,445,851 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Trimble by 2.0% in 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 buying an additional 582,124 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Trimble by 296.5% in 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 buying an additional 554,514 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Trimble by 85.0% in 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 buying an additional 511,200 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays began coverage on shares of Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Oppenheimer lifted 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. JPMorgan Chase & Co. lifted 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Two investment 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, the stock has a consensus rating of “Buy” and an average price target of $92.10.

Trimble Trading Down 0.6%

TRMB opened at $77.40 on Monday. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of 66.72, a PEG ratio of 3.18 and a beta of 1.65. The company’s 50 day moving average price is $80.70 and its two-hundred day moving average price is $74.79.

Trimble (NASDAQ:TRMB) last posted 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 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, research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

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 directly owned 92,379 shares of the company’s stock, valued at $6,988,471.35. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 224,321 shares of company stock valued at $18,677,518 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Trimble 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.