UniSuper Management Pty Ltd Has $4.24 Million Holdings in Trimble Inc. $TRMB

Key Points

• UniSuper Management Pty Ltd increased its stake in Trimble Inc. by **104.7%**, acquiring an additional **33,000 shares**, bringing their total to **64,520 shares** valued at **$4.236 million**.
• Trimble recently reported **earnings per share** of **$0.71**, surpassing analyst estimates by **$0.08**, with a revenue of **$875.7 million** for the quarter.
• Analysts have raised price targets for Trimble, with **JPMorgan** setting a target of **$96.00** and **Oppenheimer** adjusting theirs to **$94.00**, reflecting positive sentiment towards the stock.

UniSuper Management Pty Ltd raised its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 104.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,520 shares of the scientific and technical instruments company's stock after purchasing an additional 33,000 shares during the quarter. UniSuper Management Pty Ltd's holdings in Trimble were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Trimble by 2.0% during the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company's stock valued at $1,988,450,000 after purchasing an additional 582,124 shares in the last quarter. Select Equity Group L.P. boosted its holdings in Trimble by 22.4% during the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock valued at $717,506,000 after purchasing an additional 1,857,517 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Trimble by 2.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock valued at $390,909,000 after purchasing an additional 134,277 shares in the last quarter. Invesco Ltd. boosted its holdings in Trimble by 9.7% during the first quarter. Invesco Ltd. now owns 3,840,550 shares of the scientific and technical instruments company's stock valued at $252,132,000 after purchasing an additional 339,750 shares in the last quarter. Finally, Boston Partners boosted its holdings in Trimble by 7.9% during the first quarter. Boston Partners now owns 3,644,965 shares of the scientific and technical instruments company's stock valued at $237,884,000 after purchasing an additional 267,829 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted 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 upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Oppenheimer lifted their target price 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. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $93.00 target price (up previously 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 issued a Buy rating to the stock. According to MarketBeat, Trimble has an average rating of "Buy" and an average price target of $90.50.

Insider Buying and Selling at Trimble

In other Trimble news, VP Mark David Schwartz sold 1,404 shares of Trimble stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $112,320.00. Following the completion of the sale, the vice president owned 21,001 shares of the company's stock, valued at approximately $1,680,080. The trade was a 6.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 115,781 shares of Trimble 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 sale, the chief executive officer directly owned 114,879 shares of the company's stock, valued at $9,515,427.57. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,992 shares of company stock worth $18,579,506 over the last quarter. 0.54% of the stock is currently owned by insiders.

Trimble Trading Down 2.4%

TRMB traded down $1.97 during trading on Friday, reaching $80.88. 1,027,635 shares of the company's stock were exchanged, compared to its average volume of 1,424,147. The company's fifty day moving average price is $81.88 and its 200-day moving average price is $72.73. 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 has a market capitalization of $19.25 billion, a PE ratio of 69.72, a P/E/G ratio of 3.40 and a beta of 1.66.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping 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 firm had revenue of $875.70 million during the quarter, compared to analyst estimates of $835.81 million. During the same quarter in the previous year, the business earned $0.62 EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Trimble 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.