Trimble Inc. $TRMB Shares Bought by Tredje AP fonden

Tredje AP fonden raised its position in Trimble Inc. (NASDAQ:TRMB) by 19.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 374,915 shares of the scientific and technical instruments company’s stock after acquiring an additional 61,462 shares during the quarter. Tredje AP fonden’s holdings in Trimble were worth $28,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TRMB. Nuveen LLC acquired a new stake in shares of Trimble in the first quarter valued at approximately $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Trimble by 26.1% in the first 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 purchasing an additional 1,445,851 shares during the period. Vanguard Group Inc. increased its stake in shares of Trimble by 2.0% in the first 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 purchasing an additional 582,124 shares during the period. Raymond James Financial Inc. increased its stake in shares of Trimble by 296.5% in the first 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 purchasing an additional 554,514 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Trimble by 85.0% in the first 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 purchasing an additional 511,200 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 1.1%

Trimble stock opened at $79.75 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 68.75, a price-to-earnings-growth ratio of 3.26 and a beta of 1.65. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The firm’s 50 day moving average price is $80.21 and its two-hundred day moving average price is $76.32.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (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, research analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on TRMB. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Raymond James Financial reissued an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Barclays assumed coverage on Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $92.10.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction that occurred 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 in the company, 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 SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the completion of the transaction, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is owned by 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.