Dean Capital Investments Management LLC acquired a new position in Trimble Inc (NASDAQ:TRMB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,143 shares of the scientific and technical instruments company’s stock, valued at approximately $209,000.
A number of other institutional investors have also made changes to their positions in TRMB. GSA Capital Partners LLP acquired a new position in Trimble in the 2nd quarter worth about $378,000. Citigroup Inc. increased its position in Trimble by 10.9% in the 2nd quarter. Citigroup Inc. now owns 15,842 shares of the scientific and technical instruments company’s stock worth $565,000 after purchasing an additional 1,562 shares during the last quarter. Ark Investment Management LLC increased its position in Trimble by 38.0% in the 2nd quarter. Ark Investment Management LLC now owns 48,462 shares of the scientific and technical instruments company’s stock worth $1,729,000 after purchasing an additional 13,357 shares during the last quarter. Nordea Investment Management AB increased its position in Trimble by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 9,588 shares of the scientific and technical instruments company’s stock worth $342,000 after purchasing an additional 226 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Trimble by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares during the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.
Trimble Inc (NASDAQ TRMB) traded up $1.93 on Tuesday, reaching $40.00. The company’s stock had a trading volume of 2,237,200 shares, compared to its average volume of 1,016,839. The firm has a market cap of $9,960.00, a price-to-earnings ratio of 85.11, a P/E/G ratio of 2.33 and a beta of 2.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29. Trimble Inc has a 12-month low of $30.45 and a 12-month high of $45.70.
Trimble (NASDAQ:TRMB) last released its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $708.40 million for the quarter, compared to analyst estimates of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. equities research analysts expect that Trimble Inc will post 1.46 EPS for the current year.
Trimble announced that its Board of Directors has approved a share buyback program on Wednesday, November 15th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In other Trimble news, SVP Sachin Sankpal sold 6,512 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $41.99, for a total value of $273,438.88. Following the completion of the sale, the senior vice president now owns 17,997 shares in the company, valued at approximately $755,694.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jurgen Kliem sold 995 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the sale, the vice president now owns 18,175 shares of the company’s stock, valued at approximately $772,437.50. The disclosure for this sale can be found here. Insiders sold a total of 21,009 shares of company stock worth $874,709 in the last ninety days. Insiders own 1.40% of the company’s stock.
Several research analysts have weighed in on the company. TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. BidaskClub lowered Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Oppenheimer set a $50.00 price objective on Trimble and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered Trimble from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Trimble in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $42.10.
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Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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