Security National Bank lowered its position in shares of Trimble Inc. (NASDAQ:TRMB) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,004 shares of the scientific and technical instruments company’s stock after selling 3,539 shares during the quarter. Security National Bank’s holdings in Trimble were worth $1,328,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in TRMB. Creative Planning raised its holdings in shares of Trimble by 63.8% during the fourth quarter. Creative Planning now owns 29,388 shares of the scientific and technical instruments company’s stock valued at $1,194,000 after acquiring an additional 11,450 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Trimble by 3.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,043,793 shares of the scientific and technical instruments company’s stock valued at $42,420,000 after buying an additional 35,154 shares during the period. Acadian Asset Management LLC increased its stake in Trimble by 94.6% in the 4th quarter. Acadian Asset Management LLC now owns 43,336 shares of the scientific and technical instruments company’s stock valued at $1,762,000 after buying an additional 21,065 shares during the period. Oakbrook Investments LLC increased its stake in Trimble by 7.7% in the 4th quarter. Oakbrook Investments LLC now owns 21,560 shares of the scientific and technical instruments company’s stock valued at $876,000 after buying an additional 1,540 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Trimble in the 4th quarter valued at approximately $718,000. Institutional investors and hedge funds own 88.63% of the company’s stock.
In other news, Director Mark S. Peek sold 5,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $39.36, for a total transaction of $196,800.00. Following the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,377,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ulf J. Johansson sold 50,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the transaction, the director now owns 42,670 shares in the company, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,795 shares of company stock worth $2,507,474. 0.36% of the stock is currently owned by company insiders.
TRMB has been the topic of several research reports. BidaskClub upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Oppenheimer reiterated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Zacks Investment Research lowered shares of Trimble from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 6th. TheStreet lowered shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Berenberg Bank upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Trimble has a consensus rating of “Hold” and a consensus target price of $42.20.
Shares of Trimble opened at $34.70 on Monday, according to MarketBeat Ratings. Trimble Inc. has a 12 month low of $32.01 and a 12 month high of $45.70. The firm has a market cap of $8.65 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.39 and a beta of 2.44. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Monday, May 7th. The scientific and technical instruments company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Trimble had a net margin of 4.64% and a return on equity of 14.28%. The company had revenue of $742.20 million for the quarter, compared to analyst estimates of $730.66 million. During the same quarter in the prior year, the business posted $0.33 EPS. Trimble’s quarterly revenue was up 21.6% on a year-over-year basis. equities research analysts forecast that Trimble Inc. will post 1.53 earnings per share for the current fiscal year.
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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