IFG Advisory LLC Invests $205,000 in Trimble Inc. $TRMB

IFG Advisory LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the scientific and technical instruments company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRMB. OneDigital Investment Advisors LLC boosted its holdings in Trimble by 30.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after purchasing an additional 943 shares in the last quarter. CX Institutional boosted its holdings in Trimble by 11.7% in the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock valued at $536,000 after purchasing an additional 739 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Trimble by 6.0% in the 1st quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock valued at $522,000 after purchasing an additional 452 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Trimble in the 2nd quarter valued at approximately $208,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Trimble by 57.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company’s stock valued at $1,590,000 after purchasing an additional 7,660 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Barclays started coverage on shares of Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $92.10.

Trimble Trading Down 1.2%

Shares of Trimble stock opened at $78.60 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a market capitalization of $18.70 billion, a P/E ratio of 67.76, a P/E/G ratio of 3.26 and a beta of 1.65. The business has a 50 day moving average price of $80.12 and a 200 day moving average price of $76.74.

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 return on equity of 10.24% and a net margin of 8.02%.The firm had revenue of $856.50 million during the quarter. Sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the sale, the chief executive officer directly owned 114,879 shares of the company’s stock, valued at approximately $9,515,427.57. The trade was a 50.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of Trimble 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 completion of the sale, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,321 shares of company stock worth $18,677,518 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.