Vestmark Advisory Solutions Inc. Invests $604,000 in Trimble Inc. $TRMB

Vestmark Advisory Solutions Inc. bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,949 shares of the scientific and technical instruments company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Trimble in the 1st quarter valued at about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Trimble by 26.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock valued at $458,113,000 after acquiring an additional 1,445,851 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Trimble by 2.0% during the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after acquiring an additional 582,124 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Trimble by 296.5% during the first quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock worth $48,680,000 after acquiring an additional 554,514 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in Trimble by 85.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock worth $73,024,000 after purchasing an additional 511,200 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $79.58 on Wednesday. The firm has a market capitalization of $18.93 billion, a PE ratio of 68.60, a P/E/G ratio of 3.26 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $79.98 and a two-hundred day moving average price of $77.44. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Equities analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $75.65, for a total value of $567,375.00. Following the completion of the transaction, the chief executive officer directly owned 92,379 shares in the company, valued at approximately $6,988,471.35. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the sale, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,192 shares of company stock valued at $1,358,736 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. Barclays started coverage on shares of Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price for the company. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $94.20.

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.