Kennedy Capital Management Inc. reduced its stake in shares of Trimble Inc (NASDAQ:TRMB) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,150 shares of the scientific and technical instruments company’s stock after selling 12,820 shares during the period. Kennedy Capital Management Inc. owned approximately 0.06% of Trimble worth $6,468,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of TRMB. BlackRock Inc. raised its stake in Trimble by 1.2% in the 4th quarter. BlackRock Inc. now owns 23,195,889 shares of the scientific and technical instruments company’s stock valued at $942,682,000 after purchasing an additional 277,736 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Trimble by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,243,002 shares of the scientific and technical instruments company’s stock valued at $323,537,000 after acquiring an additional 33,278 shares during the last quarter. Capital International Investors increased its stake in shares of Trimble by 0.5% during the 3rd quarter. Capital International Investors now owns 8,068,056 shares of the scientific and technical instruments company’s stock valued at $316,671,000 after acquiring an additional 38,431 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Trimble by 2.1% during the 4th quarter. King Luther Capital Management Corp now owns 3,628,431 shares of the scientific and technical instruments company’s stock valued at $147,459,000 after acquiring an additional 73,934 shares during the last quarter. Finally, Impax Asset Management LTD increased its stake in shares of Trimble by 7.1% during the 4th quarter. Impax Asset Management LTD now owns 3,093,443 shares of the scientific and technical instruments company’s stock valued at $125,718,000 after acquiring an additional 205,201 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.
In other Trimble news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.25, for a total transaction of $7,850,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ulf J. Johansson sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $38.07, for a total value of $1,903,500.00. Following the sale, the director now owns 42,670 shares of the company’s stock, valued at $1,624,446.90. The disclosure for this sale can be found here. Insiders have sold 471,946 shares of company stock worth $18,558,140 over the last three months. Corporate insiders own 1.40% of the company’s stock.
Shares of Trimble Inc (TRMB) traded up $0.11 during midday trading on Friday, reaching $38.34. The company’s stock had a trading volume of 2,240,217 shares, compared to its average volume of 1,116,806. Trimble Inc has a 1 year low of $30.45 and a 1 year high of $45.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29. The firm has a market capitalization of $9,585.57, a price-to-earnings ratio of 81.58, a PEG ratio of 2.28 and a beta of 2.41.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company 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 quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. equities research analysts predict that Trimble Inc will post 1.51 earnings per share for the current year.
TRMB has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Oppenheimer reissued a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Trimble in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, December 26th. Finally, TheStreet cut Trimble from a “b” rating to a “c+” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Trimble presently has an average rating of “Hold” and a consensus price target of $42.10.
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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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