Trimble Inc. $TRMB Shares Sold by Sepio Capital LP

Sepio Capital LP reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 0.8% in the first quarter, HoldingsChannel reports. The fund owned 25,860 shares of the scientific and technical instruments company’s stock after selling 198 shares during the quarter. Sepio Capital LP’s holdings in Trimble were worth $1,698,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TRMB. Nuveen LLC acquired a new stake in shares of Trimble in the 1st quarter worth approximately $122,070,000. Select Equity Group L.P. lifted its stake in shares of Trimble by 22.4% in the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock worth $717,506,000 after acquiring an additional 1,857,517 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Trimble by 338.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 815,909 shares of the scientific and technical instruments company’s stock worth $53,564,000 after acquiring an additional 629,960 shares during the period. Vanguard Group Inc. lifted its stake in shares of Trimble by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock worth $1,988,450,000 after acquiring an additional 582,124 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Trimble by 296.5% in the 1st quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock worth $48,680,000 after acquiring an additional 554,514 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Robert G. Painter sold 115,781 shares of the company’s 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 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 can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,156 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the completion of the sale, the vice president owned 2,882 shares of the company’s stock, valued at approximately $230,560. This trade represents a 52.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,992 shares of company stock worth $18,579,506 in the last quarter. Insiders own 0.54% of the company’s stock.

Trimble Stock Up 1.3%

TRMB stock opened at $80.74 on Friday. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The firm has a market cap of $19.21 billion, a PE ratio of 69.60, a P/E/G ratio of 3.31 and a beta of 1.66. The firm has a 50 day simple moving average of $81.53 and a 200 day simple moving average of $72.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81.

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

Analysts Set New Price Targets

TRMB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Trimble from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Oppenheimer increased 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. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $90.50.

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.