Chilton Capital Management LLC Boosts Stake in Trimble Inc. $TRMB

Chilton Capital Management LLC lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,543 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,920 shares during the quarter. Chilton Capital Management LLC owned about 0.16% of Trimble worth $29,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TRMB. Catalyst Capital Advisors LLC purchased a new stake in Trimble in the second quarter worth about $34,000. Ameritas Advisory Services LLC bought a new position in Trimble during the 2nd quarter valued at approximately $48,000. Flaharty Asset Management LLC bought a new stake in Trimble in the first quarter worth $45,000. Steph & Co. grew its stake in shares of Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 592 shares during the last quarter. Finally, State of Wyoming bought a new position in Trimble in the 1st quarter worth about $58,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Up 0.9%

TRMB stock opened at $81.42 on Friday. The business’s 50-day moving average price is $80.36 and its 200-day moving average price is $75.50. The stock has a market cap of $19.38 billion, a P/E ratio of 70.19, a PEG ratio of 3.34 and a beta of 1.65. 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 twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. The firm had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. On average, equities research analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRMB shares. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Friday. 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 note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Oppenheimer boosted their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $92.10.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president owned 406 shares of the company’s stock, valued at approximately $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,321 shares of company stock valued at $18,677,518 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

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.