Forsta AP Fonden Increases Stock Position in Trimble Inc. $TRMB

Forsta AP Fonden grew its stake in Trimble Inc. (NASDAQ:TRMB) by 24.5% during the second quarter, Holdings Channel.com reports. The fund owned 161,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 31,800 shares during the period. Forsta AP Fonden’s holdings in Trimble were worth $12,271,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in Trimble by 18.4% in the second quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 141 shares during the period. Balboa Wealth Partners grew its stake in shares of Trimble by 4.7% in the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after buying an additional 144 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Trimble by 11.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 159 shares during the period. MAI Capital Management lifted its stake in Trimble by 6.6% during the 1st quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock worth $176,000 after acquiring an additional 165 shares in the last quarter. Finally, Horizon Investments LLC boosted its holdings in Trimble by 5.6% during the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 188 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 3.3%

Shares of NASDAQ:TRMB opened at $82.19 on Thursday. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The company’s 50 day moving average is $80.05 and its two-hundred day moving average is $77.48. The company has a market cap of $19.55 billion, a PE ratio of 70.85, a P/E/G ratio of 3.26 and a beta of 1.66. 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 (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 net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million during the quarter. Equities analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total transaction of $139,158.00. Following the sale, the director owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This trade represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the completion of the transaction, the chief executive officer 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 17,192 shares of company stock worth $1,358,736 over the last 90 days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRMB. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. Two investment 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 company. Based on data from MarketBeat.com, Trimble presently has an average rating of “Buy” and an average price target 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.