4,590 Shares in Trimble Inc. $TRMB Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC has acquired 4,590 shares of Trimble Inc. valued at approximately $301,000, marking their entry into the stock.
• Multiple institutional investors, including Vanguard Group and UBS AM, have increased their stakes in Trimble Inc., with hedge funds now owning 93.21% of the company's stock.
• Trimble Inc. recently reported earnings of $0.71 per share, exceeding analysts' expectations of $0.63, while revenues reached $875.70 million, surpassing estimates and seeing a slight year-over-year increase.

Focus Partners Advisor Solutions LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,590 shares of the scientific and technical instruments company's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Nuveen LLC bought a new stake in shares of Trimble in the first quarter valued at approximately $122,070,000. Select Equity Group L.P. increased its stake in Trimble by 22.4% during the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock worth $717,506,000 after acquiring an additional 1,857,517 shares during the period. Assenagon Asset Management S.A. increased its stake in 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 worth $53,564,000 after acquiring an additional 629,960 shares during the period. Vanguard Group Inc. increased its stake in Trimble by 2.0% during the 1st 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 acquiring an additional 582,124 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Trimble by 296.5% during the 1st quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company's stock worth $48,680,000 after acquiring an additional 554,514 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 609 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mark David Schwartz sold 1,404 shares of Trimble stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $112,320.00. Following the sale, the vice president directly owned 21,001 shares of the company's stock, valued at approximately $1,680,080. This trade represents a 6.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 222,992 shares of company stock worth $18,579,506. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRMB. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note 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 research note on Thursday, August 7th. Finally, Oppenheimer raised their target price on Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $90.50.

Trimble Stock Down 1.5%

TRMB traded down $1.23 during midday trading on Tuesday, reaching $80.06. 1,086,582 shares of the company were exchanged, compared to its average volume of 1,430,124. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The company's fifty day moving average price is $81.71 and its 200 day moving average price is $72.53. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 69.02, a price-to-earnings-growth ratio of 3.34 and a beta of 1.66. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

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