Nissay Asset Management Corp Japan ADV grew its holdings in Trimble Inc (NASDAQ:TRMB) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,478 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,253 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Trimble were worth $1,057,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Ameritas Investment Company LLC acquired a new position in Trimble during the first quarter worth about $25,000. CWM Advisors LLC acquired a new position in Trimble during the first quarter worth about $32,000. Signaturefd LLC raised its stake in Trimble by 54.3% during the first quarter. Signaturefd LLC now owns 1,048 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 369 shares in the last quarter. Column Capital Advisors LLC raised its stake in Trimble by 32.2% during the first quarter. Column Capital Advisors LLC now owns 1,347 shares of the scientific and technical instruments company’s stock worth $43,000 after acquiring an additional 328 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in Trimble by 34.7% during the first quarter. Synovus Financial Corp now owns 1,534 shares of the scientific and technical instruments company’s stock worth $49,000 after acquiring an additional 395 shares in the last quarter. 90.87% of the stock is owned by institutional investors.
Several brokerages have commented on TRMB. Robert W. Baird boosted their target price on Trimble from $31.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Oppenheimer reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Trimble in a research note on Monday, July 27th. TheStreet raised Trimble from a “c+” rating to a “b-” rating in a research note on Wednesday, June 10th. Needham & Company LLC upped their price objective on Trimble from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.71.
In other Trimble news, Director Kaigham Gabriel sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $43.99, for a total transaction of $109,975.00. Following the completion of the sale, the director now owns 12,856 shares of the company’s stock, valued at approximately $565,535.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James A. Kirkland sold 5,535 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $42.59, for a total transaction of $235,735.65. Following the sale, the senior vice president now directly owns 57,295 shares of the company’s stock, valued at approximately $2,440,194.05. The disclosure for this sale can be found here. Insiders have sold a total of 20,650 shares of company stock valued at $843,372 in the last three months. Insiders own 0.66% of the company’s stock.
NASDAQ:TRMB opened at $44.51 on Friday. The company has a market capitalization of $11.12 billion, a PE ratio of 21.82, a P/E/G ratio of 4.02 and a beta of 1.68. The company has a 50 day simple moving average of $43.04 and a two-hundred day simple moving average of $39.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.97. Trimble Inc has a fifty-two week low of $20.01 and a fifty-two week high of $46.67.
Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The business had revenue of $794.00 million during the quarter, compared to the consensus estimate of $773.19 million. Trimble had a net margin of 15.79% and a return on equity of 15.44%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Research analysts predict that Trimble Inc will post 1.51 EPS for the current year.
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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