Focus Partners Wealth Has $17.63 Million Stock Position in Trimble Inc. $TRMB

Key Points

• Focus Partners Wealth reduced its stake in Trimble Inc. by 1.4%, holding 268,543 shares valued at approximately $17.63 million at the end of the first quarter.
• Numerous institutional investors have increased their stakes in Trimble, with 93.21% of the company's stock now owned by institutional investors and hedge funds.
• Trimble reported earnings of $0.71 EPS for the most recent quarter, exceeding analyst expectations and marking a year-over-year revenue increase of .6%.

Focus Partners Wealth reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 268,543 shares of the scientific and technical instruments company's stock after selling 3,736 shares during the quarter. Focus Partners Wealth owned about 0.11% of Trimble worth $17,630,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division grew its position in shares of Trimble by 174.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 355 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Trimble in the 1st quarter valued at approximately $45,000. Putney Financial Group LLC acquired a new position in shares of Trimble in the 4th quarter valued at approximately $51,000. State of Wyoming acquired a new position in shares of Trimble in the 1st quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC grew its position in shares of Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock valued at $64,000 after purchasing an additional 591 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRMB. Oppenheimer boosted their price objective on Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Raymond James Financial restated an "outperform" rating and issued a $93.00 target price (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Trimble from $95.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus price target of $90.50.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,156 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $252,480.00. Following the sale, the vice president directly owned 2,882 shares of the company's stock, valued at approximately $230,560. This represents a 52.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,992 shares of company stock valued at $18,579,506. Corporate insiders own 0.54% of the company's stock.

Trimble Stock Down 2.4%

TRMB opened at $80.88 on Friday. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The stock's fifty day simple moving average is $81.88 and its 200 day simple moving average is $72.73. 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 stock has a market cap of $19.25 billion, a PE ratio of 69.72, 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, beating analysts' consensus estimates of $0.63 by $0.08. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The firm had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. During the same period in the prior year, the firm posted $0.62 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts expect that Trimble Inc. will post 2.37 earnings per share 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.

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