Stanley Laman Group Ltd. Purchases 1,833 Shares of Trimble Inc (TRMB)

Stanley Laman Group Ltd. boosted its position in shares of Trimble Inc (NASDAQ:TRMB) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 161,149 shares of the scientific and technical instruments company’s stock after buying an additional 1,833 shares during the period. Trimble accounts for 1.4% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 9th largest position. Stanley Laman Group Ltd.’s holdings in Trimble were worth $6,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TRMB. Arrowstreet Capital Limited Partnership boosted its position in shares of Trimble by 107.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,973,352 shares of the scientific and technical instruments company’s stock valued at $80,197,000 after purchasing an additional 1,023,051 shares during the period. Global X Management Co. LLC boosted its position in Trimble by 127.2% during the 4th quarter. Global X Management Co. LLC now owns 1,693,235 shares of the scientific and technical instruments company’s stock worth $68,813,000 after acquiring an additional 947,868 shares during the period. First Quadrant L P CA boosted its position in Trimble by 9,319.3% during the 3rd quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock worth $23,905,000 after acquiring an additional 602,586 shares during the period. KAMES CAPITAL plc boosted its position in Trimble by 238.9% during the 4th quarter. KAMES CAPITAL plc now owns 763,144 shares of the scientific and technical instruments company’s stock worth $31,014,000 after acquiring an additional 537,988 shares during the period. Finally, Global X MANAGEMENT CO LLC boosted its position in Trimble by 176.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 745,367 shares of the scientific and technical instruments company’s stock worth $29,256,000 after acquiring an additional 475,414 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Trimble Inc (NASDAQ TRMB) opened at $39.47 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.33. Trimble Inc has a one year low of $30.45 and a one year high of $45.70. The firm has a market capitalization of $9,823.95, a P/E ratio of 83.98, a P/E/G ratio of 2.34 and a beta of 2.38.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business had revenue of $708.40 million for the quarter, compared to the consensus estimate of $674.84 million. During the same period last year, the business earned $0.31 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. research analysts predict that Trimble Inc will post 1.5 earnings per share for the current fiscal year.

Trimble declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $39.25, for a total value of $7,850,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Peek sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $39.80, for a total value of $398,000.00. Following the completion of the transaction, the director now directly owns 35,000 shares in the company, valued at $1,393,000. The disclosure for this sale can be found here. Insiders sold a total of 417,507 shares of company stock worth $16,495,726 over the last three months. 1.40% of the stock is owned by company insiders.

A number of equities research analysts have commented on TRMB shares. BidaskClub lowered Trimble from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Oppenheimer raised their price objective on Trimble from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Trimble from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo & Co raised their price objective on Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Trimble currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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