Inspire Investing LLC Sells 2,202 Shares of Trimble Inc. $TRMB

Inspire Investing LLC decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 28,211 shares of the scientific and technical instruments company’s stock after selling 2,202 shares during the quarter. Inspire Investing LLC’s holdings in Trimble were worth $2,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aberdeen Group plc lifted its position in shares of Trimble by 9.1% during the second quarter. Aberdeen Group plc now owns 267,190 shares of the scientific and technical instruments company’s stock worth $20,301,000 after purchasing an additional 22,229 shares in the last quarter. Lmcg Investments LLC increased its stake in Trimble by 72.7% in the second quarter. Lmcg Investments LLC now owns 131,707 shares of the scientific and technical instruments company’s stock valued at $10,007,000 after purchasing an additional 55,455 shares in the last quarter. L. Roy Papp & Associates LLP increased its position in shares of Trimble by 1.8% during the second quarter. L. Roy Papp & Associates LLP now owns 77,827 shares of the scientific and technical instruments company’s stock worth $5,913,000 after acquiring an additional 1,380 shares in the last quarter. IFP Advisors Inc increased its position in shares of Trimble by 1,161.4% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the scientific and technical instruments company’s stock worth $98,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in Trimble during the second quarter worth $439,000. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $75.63 on Friday. The company’s fifty day moving average price is $81.27 and its 200-day moving average price is $74.25. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market cap of $18.00 billion, a PE ratio of 65.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.65. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

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

Wall Street Analyst Weigh In

TRMB has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a report on Wednesday. Barclays initiated coverage on shares of Trimble in a research report on Tuesday. They set an “overweight” rating and a $100.00 target price on the stock. Finally, Oppenheimer upped 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 given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $92.10.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Painter sold 115,781 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the sale, the chief executive officer owned 114,879 shares in the company, valued at $9,515,427.57. The trade was a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,821 shares of company stock valued at $18,110,143 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

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.