Prudential Financial Inc. Buys 14,456 Shares of Trimble Inc. $TRMB

Prudential Financial Inc. lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 186,548 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,456 shares during the quarter. Prudential Financial Inc. owned 0.08% of Trimble worth $14,174,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 2nd quarter worth approximately $34,000. Flaharty Asset Management LLC bought a new position in shares of Trimble in the first quarter worth $45,000. Ameritas Advisory Services LLC purchased a new stake in shares of Trimble in the second quarter worth $48,000. Evelyn Partners Investment Management LLP boosted its stake in Trimble by 605.0% during the second quarter. Evelyn Partners Investment Management LLP now owns 705 shares of the scientific and technical instruments company’s stock valued at $49,000 after buying an additional 605 shares during the period. Finally, Steph & Co. grew its position in Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 592 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the topic of several recent analyst reports. Berenberg Bank set a $95.00 price target on Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Barclays assumed coverage on shares of Trimble in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company initiated coverage on shares of Trimble in a report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $94.18.

Trimble Trading Up 0.5%

Shares of TRMB opened at $81.27 on Thursday. The stock has a market capitalization of $19.34 billion, a P/E ratio of 70.06, a PEG ratio of 3.26 and a beta of 1.66. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $79.39 and a two-hundred day simple moving average of $78.40.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the sale, the director owned 15,170 shares of the company’s stock, valued at $1,228,770. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total transaction of $596,250.00. Following the completion of the sale, the chief executive officer owned 84,879 shares in the company, valued at approximately $6,747,880.50. This trade represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,083 shares of company stock worth $1,904,798. 0.54% of the stock is currently owned by company insiders.

Trimble Company 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.