Nordea Investment Management AB grew its stake in shares of Trimble Inc (NASDAQ:TRMB) by 37.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 683,744 shares of the scientific and technical instruments company’s stock after acquiring an additional 184,974 shares during the period. Nordea Investment Management AB owned about 0.27% of Trimble worth $22,502,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. AGF Investments Inc. raised its stake in Trimble by 0.3% in the fourth quarter. AGF Investments Inc. now owns 96,982 shares of the scientific and technical instruments company’s stock worth $3,192,000 after buying an additional 288 shares in the last quarter. Simmons Bank raised its stake in Trimble by 1.8% in the fourth quarter. Simmons Bank now owns 18,590 shares of the scientific and technical instruments company’s stock worth $611,000 after buying an additional 325 shares in the last quarter. Penserra Capital Management LLC raised its stake in Trimble by 4.0% in the fourth quarter. Penserra Capital Management LLC now owns 10,109 shares of the scientific and technical instruments company’s stock worth $332,000 after buying an additional 385 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Trimble by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 26,492 shares of the scientific and technical instruments company’s stock worth $871,000 after buying an additional 508 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Trimble by 0.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 71,857 shares of the scientific and technical instruments company’s stock worth $2,365,000 after buying an additional 533 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on TRMB shares. Zacks Investment Research reissued a “buy” rating and issued a $36.00 price objective on shares of Trimble in a research note on Monday, December 31st. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $41.00 to $40.00 in a research note on Thursday, January 10th. Finally, BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Trimble currently has an average rating of “Buy” and an average price target of $42.75.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $792.90 million for the quarter, compared to the consensus estimate of $809.82 million. Trimble had a return on equity of 16.48% and a net margin of 9.10%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, equities analysts forecast that Trimble Inc will post 1.84 earnings per share for the current year.
In other news, Director Ulf J. Johansson sold 85,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $38.05, for a total transaction of $3,234,250.00. Following the transaction, the director now directly owns 60,356 shares of the company’s stock, valued at $2,296,545.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Steven W. Berglund sold 381,675 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $37.73, for a total transaction of $14,400,597.75. Following the sale, the chief executive officer now directly owns 574,467 shares in the company, valued at $21,674,639.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 628,770 shares of company stock worth $24,117,882. Insiders own 0.39% of the company’s stock.
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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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