State Board of Administration of Florida Retirement System Cuts Stake in Trimble Inc (TRMB)

State Board of Administration of Florida Retirement System lessened its holdings in Trimble Inc (NASDAQ:TRMB) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 352,442 shares of the scientific and technical instruments company’s stock after selling 326 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Trimble were worth $11,599,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TRMB. IFM Investors Pty Ltd increased its position in shares of Trimble by 11.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,130 shares of the scientific and technical instruments company’s stock worth $614,000 after purchasing an additional 1,498 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Trimble by 1,228.4% in the 3rd quarter. Penserra Capital Management LLC now owns 9,724 shares of the scientific and technical instruments company’s stock worth $348,000 after purchasing an additional 8,992 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Trimble by 10.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,264,665 shares of the scientific and technical instruments company’s stock worth $141,883,000 after purchasing an additional 313,190 shares during the last quarter. Stone Run Capital LLC increased its position in shares of Trimble by 6.8% in the 3rd quarter. Stone Run Capital LLC now owns 97,170 shares of the scientific and technical instruments company’s stock worth $4,223,000 after purchasing an additional 6,150 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Trimble in the 4th quarter worth about $11,182,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.

In other Trimble news, SVP Darryl R. Matthews sold 2,400 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $37.21, for a total transaction of $89,304.00. Following the sale, the senior vice president now directly owns 13,841 shares in the company, valued at approximately $515,023.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James A. Kirkland sold 14,292 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $39.37, for a total transaction of $562,676.04. Following the sale, the insider now owns 51,436 shares in the company, valued at $2,025,035.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,492 shares of company stock valued at $715,754 over the last three months. 0.36% of the stock is currently owned by company insiders.

TRMB has been the subject of several research reports. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. BidaskClub lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $41.00 to $40.00 in a research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Trimble stock opened at $38.61 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.97 and a beta of 2.23. Trimble Inc has a 52-week low of $29.75 and a 52-week high of $44.55.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $792.90 million during the quarter, compared to analyst estimates of $809.82 million. Trimble had a net margin of 9.10% and a return on equity of 16.48%. Trimble’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Trimble Inc will post 1.85 EPS for the current fiscal year.

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Trimble Profile

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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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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