Compagnie Lombard Odier SCmA Has $9.23 Million Stake in Trimble Inc. $TRMB

Key Points

• Compagnie Lombard Odier SCmA has reduced its stake in Trimble Inc. by 53%, now owning approximately 121,490 shares worth $9.23 million.
• Several large investors, including Vanguard Group and UBS AM, have increased their stakes in Trimble, indicating strong institutional interest in the company.
• Trimble reported a quarterly earnings per share (EPS) of $0.71, exceeding analyst expectations of $0.63, with revenue of $875.70 million for the period.

Compagnie Lombard Odier SCmA reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 53.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,490 shares of the scientific and technical instruments company's stock after selling 136,872 shares during the quarter. Compagnie Lombard Odier SCmA owned approximately 0.05% of Trimble worth $9,231,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in TRMB. Nuveen LLC acquired a new stake in shares of Trimble during the 1st quarter valued at about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Trimble by 26.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company's stock valued at $458,113,000 after acquiring an additional 1,445,851 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Trimble by 338.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 815,909 shares of the scientific and technical instruments company's stock valued at $53,564,000 after purchasing an additional 629,960 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Trimble by 2.0% in the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company's stock worth $1,988,450,000 after purchasing an additional 582,124 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Trimble by 296.5% during the first quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company's stock worth $48,680,000 after buying an additional 554,514 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Activity at Trimble

In related news, VP Christopher F. Keating sold 7,365 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president owned 406 shares in the company, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin Dalton sold 609 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 230,357 shares of company stock valued at $19,181,521 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRMB shares. JPMorgan Chase & Co. upped their price target on Trimble from $96.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday. Raymond James Financial reaffirmed an "outperform" rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, Trimble currently has an average rating of "Buy" and a consensus target price of $90.75.

Trimble Stock Down 0.8%

NASDAQ TRMB opened at $82.15 on Tuesday. The stock's 50 day simple moving average is $82.07 and its 200 day simple moving average is $73.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The firm has a market cap of $19.55 billion, a PE ratio of 70.82, a price-to-earnings-growth ratio of 3.40 and a beta of 1.66.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

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's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; 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; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.

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