S Bank Fund Management Ltd Grows Stock Holdings in Trimble Inc. $TRMB

Key Points

• S Bank Fund Management Ltd increased its stake in Trimble Inc. by 11.8% during the second quarter, holding a total of 72,059 shares worth $5,475,000.
• In recent analyst ratings, Trimble received a consensus recommendation of "Buy" with an average target price of $92.10 from multiple brokerages.
• CEO Robert G. Painter sold over 115,000 shares of the company's stock, marking a significant 50.20% reduction in his holdings.

S Bank Fund Management Ltd grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 11.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 72,059 shares of the scientific and technical instruments company's stock after purchasing an additional 7,586 shares during the period. S Bank Fund Management Ltd's holdings in Trimble were worth $5,475,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in shares of Trimble during the first quarter valued at approximately $45,000. Ameritas Advisory Services LLC bought a new stake in shares of Trimble during the second quarter valued at approximately $48,000. Steph & Co. increased its position in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company's stock valued at $53,000 after acquiring an additional 592 shares in the last quarter. State of Wyoming bought a new stake in shares of Trimble during the first quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC increased its position in shares of Trimble by 153.5% during 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 acquiring an additional 591 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TRMB. Weiss Ratings reissued a "hold (c)" rating on shares of Trimble in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays assumed coverage on shares of Trimble in a research report on Tuesday, October 7th. They issued an "overweight" rating and a $100.00 target price for the company. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Oppenheimer lifted their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $92.10.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 115,781 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the sale, the chief executive officer owned 114,879 shares in the company, valued at $9,515,427.57. The trade was a 50.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the completion of the sale, the vice president owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,821 shares of company stock worth $18,110,143. 0.54% of the stock is owned by corporate insiders.

Trimble Stock Up 0.9%

TRMB opened at $78.72 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm's fifty day moving average is $80.92 and its 200 day moving average is $74.47. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 67.86, a price-to-earnings-growth ratio of 3.20 and a beta of 1.65.

Trimble (NASDAQ:TRMB - Get Free Report) last released 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 net margin of 8.02% and a return on equity of 10.24%. The company had revenue of $856.50 million for the quarter. On average, sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

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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