Board of the Pension Protection Fund Invests $1.63 Million in Trimble Inc. $TRMB

Board of the Pension Protection Fund acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 21,500 shares of the scientific and technical instruments company’s stock, valued at approximately $1,634,000. Trimble comprises approximately 1.8% of Board of the Pension Protection Fund’s portfolio, making the stock its 7th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its position in Trimble by 40.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,048 shares of the scientific and technical instruments company’s stock valued at $2,587,000 after purchasing an additional 9,728 shares in the last quarter. Aberdeen Group plc grew its position in Trimble by 9.1% in the second quarter. Aberdeen Group plc now owns 267,190 shares of the scientific and technical instruments company’s stock valued at $20,301,000 after purchasing an additional 22,229 shares in the last quarter. Lmcg Investments LLC grew its position in Trimble by 72.7% in the second quarter. Lmcg Investments LLC now owns 131,707 shares of the scientific and technical instruments company’s stock valued at $10,007,000 after purchasing an additional 55,455 shares in the last quarter. L. Roy Papp & Associates LLP grew its position in Trimble by 1.8% in the second quarter. L. Roy Papp & Associates LLP now owns 77,827 shares of the scientific and technical instruments company’s stock valued at $5,913,000 after purchasing an additional 1,380 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Trimble by 1,161.4% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the scientific and technical instruments company’s stock valued at $98,000 after purchasing an additional 1,173 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Activity

In other news, CEO Robert G. Painter sold 115,781 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,821 shares of company stock valued at $18,110,143. 0.54% of the stock is owned by insiders.

Trimble Stock Performance

Shares of TRMB stock opened at $75.63 on Friday. The stock has a market cap of $18.00 billion, a P/E ratio of 65.20, a P/E/G ratio of 3.10 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. The company has a fifty day moving average price of $81.27 and a two-hundred day moving average price of $74.29. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRMB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and issued a $93.00 target price (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Barclays initiated coverage on shares of Trimble in a research note on Tuesday. They issued an “overweight” rating and a $100.00 price target for the company. Finally, Oppenheimer increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.