Trimble Inc (TRMB) Holdings Lifted by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its stake in shares of Trimble Inc (NASDAQ:TRMB) by 2,852.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,387 shares of the scientific and technical instruments company’s stock after purchasing an additional 147,225 shares during the quarter. Summit Trail Advisors LLC owned about 0.06% of Trimble worth $152,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd increased its stake in shares of Trimble by 235.7% in the first quarter. WINTON GROUP Ltd now owns 25,905 shares of the scientific and technical instruments company’s stock worth $929,000 after acquiring an additional 18,188 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Trimble by 6.1% in the first quarter. Xact Kapitalforvaltning AB now owns 25,404 shares of the scientific and technical instruments company’s stock worth $911,000 after acquiring an additional 1,471 shares during the period. Legal & General Group Plc increased its stake in shares of Trimble by 2.3% in the first quarter. Legal & General Group Plc now owns 1,546,227 shares of the scientific and technical instruments company’s stock worth $55,479,000 after acquiring an additional 34,430 shares during the period. Harvest Capital Strategies LLC increased its stake in shares of Trimble by 20.8% in the first quarter. Harvest Capital Strategies LLC now owns 145,000 shares of the scientific and technical instruments company’s stock worth $5,203,000 after acquiring an additional 25,000 shares during the period. Finally, Robecosam AG increased its stake in shares of Trimble by 26.5% in the first quarter. Robecosam AG now owns 451,496 shares of the scientific and technical instruments company’s stock worth $16,200,000 after acquiring an additional 94,583 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Shares of Trimble opened at $32.53 on Thursday, according to Marketbeat Ratings. Trimble Inc has a 1 year low of $32.01 and a 1 year high of $45.70. The firm has a market cap of $8.14 billion, a P/E ratio of 25.41, a PEG ratio of 2.22 and a beta of 2.44. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Monday, May 7th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. Trimble had a net margin of 4.64% and a return on equity of 14.28%. The firm had revenue of $742.20 million for the quarter, compared to the consensus estimate of $730.66 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. research analysts anticipate that Trimble Inc will post 1.55 EPS for the current year.

A number of research firms have recently weighed in on TRMB. ValuEngine lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group lowered shares of Trimble from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Dougherty & Co lowered shares of Trimble from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 9th. Finally, Craig Hallum reiterated a “hold” rating and issued a $38.00 price objective (down previously from $40.00) on shares of Trimble in a research note on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.20.

In related news, SVP Darryl R. Matthews sold 5,683 shares of the stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $34.75, for a total transaction of $197,484.25. Following the sale, the senior vice president now directly owns 18,453 shares of the company’s stock, valued at $641,241.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James A. Kirkland sold 7,200 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $34.96, for a total transaction of $251,712.00. Following the sale, the insider now directly owns 39,564 shares in the company, valued at $1,383,157.44. The disclosure for this sale can be found here. Insiders have sold 477,644 shares of company stock worth $16,611,447 over the last three months. 0.36% of the stock is currently owned by insiders.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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