Generation Investment Management LLP Increases Stock Position in Trimble Inc. $TRMB

Generation Investment Management LLP increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,019,663 shares of the scientific and technical instruments company’s stock after buying an additional 1,449,315 shares during the quarter. Trimble comprises approximately 4.4% of Generation Investment Management LLP’s investment portfolio, making the stock its 6th biggest position. Generation Investment Management LLP owned about 3.78% of Trimble worth $685,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Brighton Jones LLC acquired a new stake in shares of Trimble during the 4th quarter worth $211,000. OneDigital Investment Advisors LLC lifted its position in Trimble by 30.1% during the first 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 during the period. Envestnet Asset Management Inc. grew its stake in Trimble by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 283,216 shares of the scientific and technical instruments company’s stock worth $18,593,000 after buying an additional 10,201 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Trimble by 0.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 61,673 shares of the scientific and technical instruments company’s stock valued at $4,049,000 after buying an additional 290 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Trimble in the 1st quarter valued at approximately $335,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Up 0.1%

NASDAQ:TRMB opened at $78.90 on Monday. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. 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 market cap of $18.77 billion, a PE ratio of 68.02, a P/E/G ratio of 3.26 and a beta of 1.66. The firm’s 50 day simple moving average is $79.98 and its 200 day simple moving average is $77.19.

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

Insider Buying and Selling

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the transaction, the vice president directly owned 406 shares of the company’s stock, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total value of $567,375.00. Following the completion of the sale, the chief executive officer directly owned 92,379 shares of the company’s stock, valued at approximately $6,988,471.35. The trade was a 7.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,474 shares of company stock valued at $1,219,578 in the last three months. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $102.00 target price on shares of Trimble in a report on Thursday. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. 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 stock. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $94.20.

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.