First Eagle Investment Management LLC Raises Stock Holdings in Trimble Inc. $TRMB

First Eagle Investment Management LLC lifted its stake in Trimble Inc. (NASDAQ:TRMB) by 21.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,593 shares of the scientific and technical instruments company’s stock after purchasing an additional 798 shares during the quarter. First Eagle Investment Management LLC’s holdings in Trimble were worth $349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TRMB. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the second quarter valued at $34,000. Flaharty Asset Management LLC purchased a new position in Trimble during the 1st quarter valued at about $45,000. Ameritas Advisory Services LLC acquired a new position in Trimble in the 2nd quarter valued at about $48,000. Steph & Co. increased its stake in Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Trimble during the first quarter worth about $58,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 0.1%

NASDAQ TRMB opened at $78.90 on Monday. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 68.02, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66. 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’s fifty day moving average price is $79.98 and its 200 day moving average price is $77.19.

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 company had revenue of $856.50 million for the quarter. On average, sell-side analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRMB. Barclays assumed coverage on Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price objective on the stock. Raymond James Financial restated an “outperform” rating and set a $93.00 price target (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 price target on shares of Trimble in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $94.20.

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the transaction, the director directly owned 13,809 shares of the company’s stock, valued at $1,137,999.69. The trade was a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’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 completion of the sale, the chief executive officer owned 92,379 shares of the company’s stock, valued at approximately $6,988,471.35. This trade represents a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,474 shares of company stock valued at $1,219,578 over the last quarter. Company insiders own 0.54% of the company’s stock.

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.