Trimble Inc (NASDAQ:TRMB) Position Lifted by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of Trimble Inc (NASDAQ:TRMB) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,703 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Trimble worth $16,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of Trimble by 20.8% in the 1st quarter. First Trust Advisors LP now owns 20,141 shares of the scientific and technical instruments company’s stock worth $814,000 after buying an additional 3,465 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Trimble by 1,482.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,636 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 4,343 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Trimble by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 182,624 shares of the scientific and technical instruments company’s stock worth $8,238,000 after buying an additional 2,022 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Trimble by 3.7% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 34,088 shares of the scientific and technical instruments company’s stock worth $1,538,000 after buying an additional 1,218 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Trimble by 28.6% in the 2nd quarter. SG Americas Securities LLC now owns 32,830 shares of the scientific and technical instruments company’s stock worth $1,481,000 after buying an additional 7,303 shares during the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Trimble stock opened at $40.40 on Tuesday. The firm’s 50-day moving average is $39.78 and its 200-day moving average is $40.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.00. Trimble Inc has a 1 year low of $29.75 and a 1 year high of $46.25. The company has a market cap of $10.06 billion, a P/E ratio of 23.90, a PEG ratio of 3.22 and a beta of 2.01.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. Trimble had a net margin of 9.97% and a return on equity of 15.63%. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $807.49 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Trimble Inc will post 1.68 earnings per share for the current year.

In related news, SVP James A. Kirkland sold 8,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $41.27, for a total value of $350,795.00. Following the sale, the senior vice president now owns 42,836 shares of the company’s stock, valued at approximately $1,767,841.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven W. Berglund sold 308,575 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.18, for a total transaction of $12,398,543.50. Following the completion of the sale, the chief executive officer now directly owns 640,605 shares in the company, valued at approximately $25,739,508.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,298 shares of company stock worth $14,024,929. Corporate insiders own 0.39% of the company’s stock.

Separately, BidaskClub downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $42.33.

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; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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