Asset Management One Co. Ltd. Sells 580 Shares of Trimble Inc. $TRMB

Asset Management One Co. Ltd. reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,414 shares of the scientific and technical instruments company’s stock after selling 580 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Trimble worth $15,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in Trimble during the 2nd quarter valued at about $48,000. Flaharty Asset Management LLC purchased a new position in shares of Trimble during the first quarter valued at approximately $45,000. Steph & Co. lifted 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 valued at $53,000 after purchasing an additional 592 shares during the period. State of Wyoming purchased a new stake in Trimble in the first quarter worth approximately $58,000. Finally, Brooklyn Investment Group grew its position in Trimble by 440.5% in the 1st quarter. Brooklyn Investment Group now owns 1,162 shares of the scientific and technical instruments company’s stock worth $76,000 after purchasing an additional 947 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRMB shares. Barclays began coverage on Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target on the stock. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Raymond James Financial restated an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research note on Friday. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $92.10.

Trimble Stock Up 0.9%

TRMB stock opened at $81.42 on Monday. The business’s 50-day moving average price is $80.36 and its 200-day moving average price is $75.60. The stock has a market cap of $19.38 billion, a P/E ratio of 70.19, a PEG ratio of 3.34 and a beta of 1.65. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

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

Insider Buying and Selling

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction 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 owned 406 shares in the company, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction dated 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 owned 13,809 shares in the company, valued at $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 224,321 shares of company stock valued at $18,677,518. Company insiders own 0.54% of the company’s stock.

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.