Edmond DE Rothschild Holding S.A. Has $6.62 Million Stock Position in Trimble Inc. $TRMB

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Trimble Inc. by 6.5%, bringing its total shares to 100,824, valued at approximately $6.62 million.
• Analysts have generally positive outlooks for Trimble, with Raymond James and Oppenheimer raising their price targets to $93.00 and $94.00 respectively, both rating the stock as "outperform."
• Trimble Inc. reported a quarterly EPS of $0.71, surpassing analyst estimates of $0.63, alongside a revenue of $875.70 million, which indicates a year-over-year growth.

Edmond DE Rothschild Holding S.A. lessened its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,824 shares of the scientific and technical instruments company's stock after selling 6,972 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Trimble were worth $6,619,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. MAI Capital Management increased its holdings in Trimble by 6.6% during the 1st quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company's stock worth $176,000 after purchasing an additional 165 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Trimble by 5.6% in the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company's stock valued at $232,000 after acquiring an additional 188 shares in the last quarter. CW Advisors LLC grew its holdings in shares of Trimble by 1.9% in the 1st quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company's stock valued at $733,000 after acquiring an additional 207 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Trimble by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company's stock valued at $1,386,000 after acquiring an additional 210 shares in the last quarter. Finally, Simmons Bank grew its holdings in shares of Trimble by 1.4% in the 1st quarter. Simmons Bank now owns 15,989 shares of the scientific and technical instruments company's stock valued at $1,050,000 after acquiring an additional 214 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the sale, the director owned 13,809 shares of the company's stock, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,992 shares of company stock valued at $18,579,506 in the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trimble Stock Performance

TRMB stock traded up $0.24 during mid-day trading on Wednesday, hitting $80.30. 580,256 shares of the company were exchanged, compared to its average volume of 1,563,873. The business has a 50 day simple moving average of $81.71 and a 200-day simple moving average of $72.53. 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 capitalization of $19.11 billion, a PE ratio of 69.16, a price-to-earnings-growth ratio of 3.34 and a beta of 1.66. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50.

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