Trimble Inc. $TRMB Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 171.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,721 shares of the scientific and technical instruments company's stock after acquiring an additional 14,972 shares during the period. Advisors Asset Management Inc.'s holdings in Trimble were worth $1,557,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division boosted its stake in shares of Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 355 shares during the last quarter. Putney Financial Group LLC acquired a new stake in Trimble in the 4th quarter worth about $51,000. State of Wyoming acquired a new stake in Trimble in the 1st quarter worth about $58,000. Farther Finance Advisors LLC boosted its stake in 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 worth $64,000 after buying an additional 591 shares during the last quarter. Finally, Friedenthal Financial boosted its stake in Trimble by 64.7% in the 1st quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Analysts Set New Price Targets

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

Trimble Stock Performance

NASDAQ TRMB opened at $81.29 on Tuesday. The firm has a market capitalization of $19.34 billion, a P/E ratio of 70.08, a P/E/G ratio of 3.31 and a beta of 1.66. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. 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 business's 50-day simple moving average is $81.64 and its 200-day simple moving average is $72.48.

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

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 115,781 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jennifer Allison sold 3,156 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $252,480.00. Following the sale, the vice president owned 2,882 shares in the company, 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. In the last 90 days, insiders have sold 222,992 shares of company stock valued at $18,579,506. Corporate insiders own 0.54% of the company's stock.

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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