Calamos Wealth Management LLC Sells 506 Shares of Trimble Inc. $TRMB

Calamos Wealth Management LLC lowered its position in Trimble Inc. (NASDAQ:TRMB) by 14.2% in the 2nd quarter, Holdings Channel reports. The fund owned 3,062 shares of the scientific and technical instruments company’s stock after selling 506 shares during the quarter. Calamos Wealth Management LLC’s holdings in Trimble were worth $233,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRMB. Flaharty Asset Management LLC bought a new position in shares of Trimble in the 1st quarter worth approximately $45,000. Ameritas Advisory Services LLC bought a new position in shares of Trimble in the 2nd quarter worth approximately $48,000. Steph & Co. raised its position in shares of Trimble by 592.0% in the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 592 shares in the last quarter. State of Wyoming bought a new position in shares of Trimble in the 1st quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after buying an additional 591 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Berenberg Bank set a $95.00 price target on Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer lifted their price target on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two investment 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $92.10.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 609 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the firm’s 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 transaction, the vice president owned 406 shares in the company, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,321 shares of company stock worth $18,677,518. Insiders own 0.54% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $77.40 on Monday. The business’s fifty day simple moving average is $80.70 and its two-hundred day simple moving average is $74.79. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 66.72, a P/E/G ratio of 3.18 and a beta of 1.65.

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