Thrivent Financial For Lutherans increased its holdings in Trimble Inc (NASDAQ:TRMB) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,535 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,615 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.06% of Trimble worth $5,955,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Trimble by 1.2% during the fourth 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 period. Bank of New York Mellon Corp raised its holdings in shares of Trimble by 0.4% during the third 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 purchasing an additional 33,278 shares during the period. Capital International Investors raised its holdings in shares of Trimble by 0.5% in the 3rd quarter. Capital International Investors now owns 8,068,056 shares of the scientific and technical instruments company’s stock worth $316,671,000 after acquiring an additional 38,431 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Trimble by 2.1% in the 4th quarter. King Luther Capital Management Corp now owns 3,628,431 shares of the scientific and technical instruments company’s stock worth $147,459,000 after acquiring an additional 73,934 shares during the last quarter. Finally, Impax Asset Management LTD raised its holdings in shares of Trimble by 7.1% in the 4th quarter. Impax Asset Management LTD now owns 3,093,443 shares of the scientific and technical instruments company’s stock worth $125,718,000 after acquiring an additional 205,201 shares during the last quarter. 89.99% of the stock is currently owned by institutional investors.
In other news, CFO Robert G. Painter sold 6,946 shares of Trimble stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.00, for a total transaction of $277,840.00. Following the sale, the chief financial officer now owns 15,451 shares of the company’s stock, valued at approximately $618,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulf J. Johansson sold 50,000 shares of Trimble stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the sale, the director now directly 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 sold 471,946 shares of company stock worth $18,558,140. 1.40% of the stock is owned by corporate insiders.
TRMB has been the topic of a number of analyst reports. BidaskClub lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Zacks Investment Research raised shares of 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. Oppenheimer reaffirmed a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Trimble in a report on Wednesday, January 31st. Finally, TheStreet downgraded shares of Trimble from a “b” rating to a “c+” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.10.
Shares of Trimble stock traded down $1.39 on Friday, hitting $34.35. 1,207,397 shares of the company traded hands, compared to its average volume of 1,106,783. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. The stock has a market cap of $8,884.71, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.49 and a beta of 2.43. Trimble Inc has a 12-month low of $30.45 and a 12-month high of $45.70.
Trimble (NASDAQ:TRMB) last issued its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $674.84 million. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. analysts predict that Trimble Inc will post 1.51 earnings per share for the current year.
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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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