Cwm LLC Boosts Stock Position in Trimble Inc. $TRMB

Key Points

• Cwm LLC increased its stake in Trimble Inc. by 16.8% during the 2nd quarter, bringing its total ownership to 46,732 shares valued at approximately $3.55 million.
• Institutional investors own 93.21% of Trimble's stock, with several firms, including MAI Capital Management and Horizon Investments LLC, also increasing their positions recently.
• Trimble's stock has a market cap of $18.53 billion and analysts are generally bullish, with a consensus target price of $92.10 and multiple upgrades from research analysts.

Cwm LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,732 shares of the scientific and technical instruments company's stock after acquiring an additional 6,724 shares during the period. Cwm LLC's holdings in Trimble were worth $3,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MAI Capital Management grew its holdings in Trimble by 6.6% during the 1st quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company's stock valued at $176,000 after buying an additional 165 shares during the last quarter. Horizon Investments LLC grew its holdings in Trimble by 5.6% during the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company's stock valued at $232,000 after buying an additional 188 shares during the last quarter. CW Advisors LLC grew its holdings in Trimble by 1.9% during the 1st quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company's stock valued at $733,000 after buying an additional 207 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Trimble by 1.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company's stock valued at $1,386,000 after buying an additional 210 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Trimble by 3.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,181 shares of the scientific and technical instruments company's stock valued at $546,000 after buying an additional 210 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of Trimble stock opened at $77.87 on Friday. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The stock has a market capitalization of $18.53 billion, a P/E ratio of 67.13, a PEG ratio of 3.23 and a beta of 1.65. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The business's fifty day moving average price is $80.83 and its 200 day moving average price is $74.55.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The firm had revenue of $856.50 million for the quarter. As a group, research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.83, for a total value of $9,590,140.23. Following the transaction, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the transaction, the vice president owned 406 shares in the company, valued at $33,186.44. The trade was a 94.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRMB shares. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Oppenheimer raised their price objective on Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Raymond James Financial restated an "outperform" rating and set a $93.00 price objective (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Barclays initiated coverage on Trimble in a report on Tuesday, October 7th. They set an "overweight" rating and a $100.00 price objective on the stock. Finally, Berenberg Bank set a $95.00 price objective on Trimble and gave the stock a "buy" rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $92.10.

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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