Trimble Inc (NASDAQ:TRMB) Stock Holdings Lessened by Toronto Dominion Bank

Toronto Dominion Bank trimmed its stake in Trimble Inc (NASDAQ:TRMB) by 15.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,379 shares of the scientific and technical instruments company’s stock after selling 6,839 shares during the quarter. Toronto Dominion Bank’s holdings in Trimble were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirova acquired a new position in Trimble in the second quarter worth approximately $1,166,000. Meadow Creek Investment Management LLC increased its holdings in Trimble by 7.4% in the second quarter. Meadow Creek Investment Management LLC now owns 31,130 shares of the scientific and technical instruments company’s stock worth $1,404,000 after buying an additional 2,156 shares during the last quarter. Glen Harbor Capital Management LLC increased its holdings in Trimble by 7.4% in the second quarter. Glen Harbor Capital Management LLC now owns 39,620 shares of the scientific and technical instruments company’s stock worth $1,787,000 after buying an additional 2,744 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in Trimble by 541.8% in the second quarter. Commonwealth Bank of Australia now owns 3,639 shares of the scientific and technical instruments company’s stock worth $161,000 after buying an additional 3,072 shares during the last quarter. Finally, Elkfork Partners LLC increased its holdings in Trimble by 7.4% in the second quarter. Elkfork Partners LLC now owns 48,110 shares of the scientific and technical instruments company’s stock worth $2,170,000 after buying an additional 3,332 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

In other news, SVP James A. Kirkland sold 2,700 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $38.01, for a total value of $102,627.00. Following the completion of the sale, the senior vice president now directly owns 54,036 shares of the company’s stock, valued at $2,053,908.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ronald Bisio sold 4,265 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $38.14, for a total value of $162,667.10. Following the completion of the sale, the vice president now directly owns 8,953 shares of the company’s stock, valued at $341,467.42. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

TRMB stock traded down $0.24 during midday trading on Wednesday, hitting $39.28. 13,045 shares of the company traded hands, compared to its average volume of 863,715. Trimble Inc has a twelve month low of $29.75 and a twelve month high of $46.25. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business has a 50 day simple moving average of $38.21 and a 200-day simple moving average of $40.88. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.36 and a beta of 2.01.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Trimble had a return on equity of 15.96% and a net margin of 9.80%. The company had revenue of $855.80 million for the quarter, compared to the consensus estimate of $864.69 million. During the same quarter last year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Trimble Inc will post 1.7 EPS for the current year.

A number of equities analysts recently commented on the company. ValuEngine downgraded Trimble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Craig Hallum restated a “hold” rating and issued a $35.00 price objective (down previously from $36.00) on shares of Trimble in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. downgraded Trimble from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.50.

About Trimble

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; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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