Ensign Peak Advisors Inc Lowers Position in Trimble Inc. (NASDAQ:TRMB)

Ensign Peak Advisors Inc decreased its position in Trimble Inc. (NASDAQ:TRMB) by 91.6% during the 1st quarter, Holdings Channel reports. The fund owned 18,215 shares of the scientific and technical instruments company’s stock after selling 198,229 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Trimble were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Berman Capital Advisors LLC boosted its holdings in shares of Trimble by 297.0% in the first quarter. Berman Capital Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Trimble in the first quarter valued at about $38,000. Sowell Financial Services LLC boosted its holdings in shares of Trimble by 1,240.4% in the first quarter. Sowell Financial Services LLC now owns 764 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 707 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Trimble by 93.2% in the first quarter. Fifth Third Bancorp now owns 850 shares of the scientific and technical instruments company’s stock valued at $66,000 after acquiring an additional 410 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Trimble by 18.6% in the first quarter. Whittier Trust Co. now owns 994 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 156 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TRMB opened at $80.49 on Friday. Trimble Inc. has a 12-month low of $41.34 and a 12-month high of $84.86. The stock has a market capitalization of $20.20 billion, a P/E ratio of 45.99, a PEG ratio of 3.81 and a beta of 1.53. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $78.88.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 5th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Trimble had a net margin of 13.65% and a return on equity of 15.16%. The company had revenue of $886.50 million for the quarter, compared to the consensus estimate of $826.31 million. As a group, equities research analysts expect that Trimble Inc. will post 2.06 earnings per share for the current fiscal year.

TRMB has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Trimble from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 6th. Robert W. Baird boosted their price objective on shares of Trimble from $72.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Trimble has a consensus rating of “Buy” and a consensus target price of $64.11.

In other Trimble news, VP James Joel Langley sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $74.96, for a total value of $299,840.00. Following the sale, the vice president now owns 4,563 shares of the company’s stock, valued at $342,042.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. It operates through 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; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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