Teachers Retirement System of The State of Kentucky trimmed its holdings in Trimble Inc (NASDAQ:TRMB) by 19.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,638 shares of the scientific and technical instruments company’s stock after selling 39,723 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Trimble worth $6,609,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TRMB. Arrowstreet Capital Limited Partnership increased its position in Trimble by 107.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,973,352 shares of the scientific and technical instruments company’s stock worth $80,197,000 after purchasing an additional 1,023,051 shares during the period. Global X Management Co. LLC grew its position in shares of 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 buying an additional 947,868 shares during the period. KAMES CAPITAL plc grew its position in shares of 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 buying an additional 537,988 shares during the period. AXA grew its position in shares of Trimble by 33.1% during the 4th quarter. AXA now owns 1,759,976 shares of the scientific and technical instruments company’s stock worth $71,525,000 after buying an additional 437,434 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Trimble during the 4th quarter worth about $16,972,000. Hedge funds and other institutional investors own 89.99% of the company’s stock.
In other news, Director Mark S. Peek sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $39.36, for a total transaction of $196,800.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,377,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ulf J. Johansson sold 50,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 471,946 shares of company stock worth $18,558,140. Company insiders own 1.40% of the company’s stock.
NASDAQ TRMB traded down $1.39 during trading on Friday, hitting $34.35. The stock had a trading volume of 1,207,397 shares, compared to its average volume of 1,106,783. The stock has a market capitalization of $8,884.71, a price-to-earnings ratio of 26.84, a PEG ratio of 2.49 and a beta of 2.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. equities research analysts forecast that Trimble Inc will post 1.51 EPS for the current year.
Several research firms have recently issued reports on TRMB. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Oppenheimer restated a “buy” rating and set a $50.00 target price (up 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 target price for the company in a research report on Tuesday, December 26th. Finally, TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. 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. Trimble currently has a consensus 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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