Lbp Am Sa Has $11.17 Million Stake in Trimble Inc. $TRMB

Key Points

• Lbp Am Sa increased its stake in Trimble Inc. by 28.4% in the second quarter, owning approximately $11.17 million worth of shares post acquisition of over 32,000 additional shares.
• Analysts have a consensus rating of "Buy" for Trimble, with price targets raised by firms like Raymond James and JPMorgan, indicating positive outlooks on the stock's value.
• Insider trading reports indicate that insiders sold over 230,000 shares valued at approximately $19 million in the last quarter, reflecting significant movements among the company's executives.

Lbp Am Sa raised its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 28.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,998 shares of the scientific and technical instruments company's stock after buying an additional 32,544 shares during the period. Lbp Am Sa owned about 0.06% of Trimble worth $11,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TRMB. Flaharty Asset Management LLC acquired a new stake in shares of Trimble in the first quarter valued at approximately $45,000. Steph & Co. increased its holdings in shares of Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 592 shares in the last quarter. State of Wyoming acquired a new stake in shares of Trimble in the first quarter valued at approximately $58,000. Farther Finance Advisors LLC increased its holdings in shares of Trimble by 153.5% in the first 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 in the last quarter. Finally, Friedenthal Financial increased its holdings in shares of Trimble by 64.7% in the first quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TRMB shares. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Raymond James Financial reaffirmed an "outperform" rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $96.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $94.00 and gave the company 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 assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus target price of $90.75.

Trimble Trading Down 0.4%

Shares of NASDAQ TRMB opened at $81.65 on Wednesday. The company's fifty day moving average is $82.04 and its 200-day moving average is $73.79. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 70.39, a P/E/G ratio of 3.36 and a beta of 1.66. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The company had revenue of $875.70 million for the quarter, compared to analysts' expectations of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 609 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares of the company's stock, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Allison sold 3,156 shares of the company's 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 completion of the transaction, the vice president directly owned 2,882 shares of the company's stock, valued at approximately $230,560. The trade was a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 230,357 shares of company stock valued at $19,181,521. 0.54% 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. 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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