MBB Public Markets I LLC Makes New $290,000 Investment in Trimble Inc. $TRMB

Key Points

• MBB Public Markets I LLC acquired 4,418 shares of Trimble Inc. valued at approximately $290,000 in the first quarter, indicating growing institutional interest.
• Trimble's stock has experienced a 3.4% increase recently, with a current trading price of $82.85 and a market cap of $19.72 billion.
• Analysts have upgraded Trimble’s stock ratings, with price targets reaching as high as $96.00 from JPMorgan and a consensus rating of "Buy".

MBB Public Markets I LLC bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,418 shares of the scientific and technical instruments company's stock, valued at approximately $290,000.

Several other institutional investors also recently made changes to their positions in TRMB. Brighton Jones LLC acquired a new position in Trimble during the 4th quarter valued at approximately $211,000. Baird Financial Group Inc. bought a new stake in Trimble in the fourth quarter valued at $214,000. Balyasny Asset Management L.P. acquired a new position in shares of Trimble during the fourth quarter valued at $474,000. Cetera Investment Advisers grew its position in shares of Trimble by 8.5% during the fourth quarter. Cetera Investment Advisers now owns 14,290 shares of the scientific and technical instruments company's stock worth $1,010,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Trimble in the 4th quarter worth about $568,000. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Shares of TRMB traded up $0.13 during midday trading on Monday, reaching $81.01. The stock had a trading volume of 981,536 shares, compared to its average volume of 1,563,750. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market capitalization of $19.28 billion, a P/E ratio of 69.84, a P/E/G ratio of 3.32 and a beta of 1.66. The firm's 50 day moving average price is $81.88 and its 200-day moving average price is $72.76. Trimble Inc. has a 52 week low of $52.91 and a 52 week 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, topping 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 previous year, the company earned $0.62 earnings per share. Trimble's revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 115,781 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the completion of the sale, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,515,427.57. This represents a 50.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 3,156 shares of Trimble stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the completion of the transaction, the vice president owned 2,882 shares in the company, valued at $230,560. The trade was a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,992 shares of company stock valued at $18,579,506 over the last quarter. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $95.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Raymond James Financial reissued an "outperform" rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Finally, Oppenheimer lifted their target price on Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $90.50.

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.