Retirement Systems of Alabama grew its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,613 shares of the scientific and technical instruments company’s stock after buying an additional 2,592 shares during the quarter. Retirement Systems of Alabama owned approximately 0.16% of Trimble worth $13,447,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TRMB. Bath Savings Trust Co grew its position in shares of Trimble by 2.0% during the 4th quarter. Bath Savings Trust Co now owns 35,135 shares of the scientific and technical instruments company’s stock worth $1,156,000 after purchasing an additional 690 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Trimble by 241.1% during the 3rd quarter. Great Lakes Advisors LLC now owns 392,315 shares of the scientific and technical instruments company’s stock worth $17,050,000 after purchasing an additional 277,315 shares in the last quarter. Vanguard Group Inc grew its position in shares of Trimble by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 21,976,491 shares of the scientific and technical instruments company’s stock worth $955,098,000 after purchasing an additional 74,221 shares in the last quarter. Csenge Advisory Group acquired a new position in shares of Trimble during the 3rd quarter worth approximately $108,000. Finally, Teachers Advisors LLC grew its position in shares of Trimble by 10.5% during the 3rd quarter. Teachers Advisors LLC now owns 763,564 shares of the scientific and technical instruments company’s stock worth $33,184,000 after purchasing an additional 72,324 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on TRMB shares. BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine downgraded shares of Trimble from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Robert W. Baird upped their price target on shares of Trimble from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.50.
Shares of NASDAQ:TRMB opened at $35.21 on Friday. The company has a market capitalization of $8.62 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.77 and a beta of 2.24. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. Trimble Inc has a one year low of $29.75 and a one year high of $45.70.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The company had revenue of $804.70 million during the quarter, compared to the consensus estimate of $806.12 million. Trimble had a net margin of 5.32% and a return on equity of 16.21%. Trimble’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. On average, research analysts forecast that Trimble Inc will post 1.67 earnings per share for the current fiscal year.
In related news, CFO Robert G. Painter sold 1,800 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $35.43, for a total value of $63,774.00. Following the completion of the transaction, the chief financial officer now owns 22,114 shares of the company’s stock, valued at approximately $783,499.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Darryl R. Matthews sold 2,400 shares of the stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $37.21, for a total transaction of $89,304.00. Following the completion of the transaction, the senior vice president now directly owns 13,841 shares of the company’s stock, valued at approximately $515,023.61. The disclosure for this sale can be found here. In the last three months, insiders sold 19,242 shares of company stock valued at $744,907. 0.36% of the stock is owned by insiders.
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Trimble Company Profile
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.
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