LS Investment Advisors LLC lowered its holdings in Trimble Inc (NASDAQ:TRMB) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,019 shares of the scientific and technical instruments company’s stock after selling 505 shares during the quarter. LS Investment Advisors LLC’s holdings in Trimble were worth $728,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TRMB. Bank of New York Mellon Corp grew its stake in Trimble by 24,279.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,787,337 shares of the scientific and technical instruments company’s stock worth $164,597,000 after purchasing an additional 3,771,802 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Trimble by 3,229.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock worth $99,000 after buying an additional 3,174,232 shares during the last quarter. Norges Bank purchased a new stake in Trimble during the 4th quarter worth about $74,528,000. Parnassus Investments CA lifted its holdings in Trimble by 41.6% during the 4th quarter. Parnassus Investments CA now owns 3,285,552 shares of the scientific and technical instruments company’s stock worth $108,128,000 after buying an additional 964,512 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Trimble by 93.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,263,074 shares of the scientific and technical instruments company’s stock worth $54,893,000 after buying an additional 609,099 shares during the last quarter. Institutional investors own 91.25% of the company’s stock.
A number of analysts have issued reports on TRMB shares. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. ValuEngine raised Trimble from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.33.
TRMB traded up $0.43 on Wednesday, hitting $40.79. 1,197,061 shares of the company traded hands, compared to its average volume of 1,027,709. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The company has a market cap of $10.08 billion, a PE ratio of 24.14, a P/E/G ratio of 2.07 and a beta of 2.15. Trimble Inc has a 12-month low of $29.75 and a 12-month high of $44.55.
Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The firm had revenue of $804.50 million during the quarter, compared to the consensus estimate of $808.58 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Trimble Inc will post 1.85 EPS for the current fiscal year.
In other Trimble news, VP Jurgen Kliem sold 8,805 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $40.15, for a total transaction of $353,520.75. Following the sale, the vice president now owns 46,818 shares in the company, valued at approximately $1,879,742.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert G. Painter sold 1,716 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.00, for a total value of $73,788.00. Following the sale, the chief financial officer now owns 31,527 shares in the company, valued at approximately $1,355,661. The disclosure for this sale can be found here. Insiders have sold a total of 263,623 shares of company stock worth $10,803,976 in the last quarter. 0.39% of the stock is currently owned by insiders.
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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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software.
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