Trimble Inc. $TRMB Stake Boosted by Lmcg Investments LLC

Lmcg Investments LLC increased its stake in Trimble Inc. (NASDAQ:TRMB) by 72.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,707 shares of the scientific and technical instruments company’s stock after purchasing an additional 55,455 shares during the quarter. Lmcg Investments LLC’s holdings in Trimble were worth $10,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its stake in Trimble by 30.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock worth $268,000 after purchasing an additional 943 shares in the last quarter. CX Institutional boosted its position in Trimble by 11.7% during the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after acquiring an additional 739 shares during the period. DAVENPORT & Co LLC boosted its position in Trimble by 6.0% during the 1st quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock worth $522,000 after acquiring an additional 452 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Trimble by 7.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock worth $2,355,000 after acquiring an additional 2,397 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Trimble by 10.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock worth $2,793,000 after acquiring an additional 4,185 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president directly owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 115,781 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was 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 of the company’s stock, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,821 shares of company stock worth $18,110,143. 0.54% of the stock is currently owned by insiders.

Trimble Stock Down 4.5%

Shares of Trimble stock opened at $75.63 on Friday. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 65.20, a P/E/G ratio of 3.25 and a beta of 1.65. 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 Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock has a 50-day simple moving average of $81.27 and a 200-day simple moving average of $74.25.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. On average, equities research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on TRMB shares. Berenberg Bank set a $95.00 price objective on Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Barclays started coverage on Trimble in a research report on Tuesday. They set an “overweight” rating and a $100.00 price objective for the company. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $92.10.

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.