2,832 Shares in Trimble Inc. $TRMB Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new stake in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,832 shares of the scientific and technical instruments company’s stock, valued at approximately $215,000.

Several other large investors also recently bought and sold shares of TRMB. Flaharty Asset Management LLC acquired a new stake in Trimble in the first quarter valued at approximately $45,000. Ameritas Advisory Services LLC acquired a new stake in Trimble in the second quarter valued at approximately $48,000. Steph & Co. grew its position in Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 592 shares in the last quarter. State of Wyoming acquired a new stake in Trimble in the first quarter valued at approximately $58,000. Finally, Brooklyn Investment Group grew its position in Trimble by 440.5% in the first quarter. Brooklyn Investment Group now owns 1,162 shares of the scientific and technical instruments company’s stock valued at $76,000 after acquiring an additional 947 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In other news, CEO Robert G. Painter sold 115,781 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the completion of the transaction, the chief executive officer owned 114,879 shares of the company’s stock, valued at approximately $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were 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. This trade represents a 94.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,321 shares of company stock valued at $18,677,518. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Oppenheimer raised their price target on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Barclays started coverage on shares of Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of 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 reissued a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $92.10.

Trimble Stock Performance

Trimble stock opened at $80.70 on Friday. The company has a market cap of $19.20 billion, a PE ratio of 69.57, a P/E/G ratio of 3.25 and a beta of 1.65. The company has a fifty day moving average price of $80.37 and a two-hundred day moving average price of $75.18. 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 12 month low of $52.91 and a 12 month high of $87.50.

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

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.