LPL Financial LLC Cuts Position in Trimble Inc (TRMB)

LPL Financial LLC decreased its stake in shares of Trimble Inc (NASDAQ:TRMB) by 9.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,148 shares of the scientific and technical instruments company’s stock after selling 1,127 shares during the period. LPL Financial LLC’s holdings in Trimble were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in shares of Trimble in the 4th quarter valued at approximately $68,000. Oregon Public Employees Retirement Fund increased its position in Trimble by 3,229.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock valued at $99,000 after buying an additional 3,174,232 shares in the last quarter. Csenge Advisory Group bought a new position in Trimble during the 3rd quarter valued at approximately $108,000. Piedmont Investment Advisors Inc. bought a new position in Trimble during the 4th quarter valued at approximately $220,000. Finally, Private Advisor Group LLC bought a new position in Trimble during the 3rd quarter valued at approximately $252,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRMB traded up $0.13 during trading hours on Friday, hitting $41.14. The stock had a trading volume of 1,043,953 shares, compared to its average volume of 951,980. The firm has a market capitalization of $10.38 billion, a P/E ratio of 24.34, a PEG ratio of 2.13 and a beta of 2.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.03 and a quick ratio of 0.75. Trimble Inc has a 12 month low of $29.75 and a 12 month high of $44.55.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Trimble had a return on equity of 16.48% and a net margin of 9.10%. The business had revenue of $792.90 million for the quarter, compared to the consensus estimate of $809.82 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. Analysts expect that Trimble Inc will post 1.84 EPS for the current fiscal year.

In other news, VP Bryn Fosburgh sold 13,573 shares of Trimble stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $38.82, for a total value of $526,903.86. Following the sale, the vice president now directly owns 9,562 shares of the company’s stock, valued at $371,196.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulf J. Johansson sold 85,000 shares of Trimble stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $38.05, for a total value of $3,234,250.00. Following the completion of the sale, the director now directly owns 60,356 shares in the company, valued at $2,296,545.80. The disclosure for this sale can be found here. Insiders sold 628,770 shares of company stock worth $24,117,882 over the last ninety days. Insiders own 0.39% of the company’s stock.

TRMB has been the subject of a number of research analyst reports. Zacks Investment Research reissued a “buy” rating and issued a $36.00 target price on shares of Trimble in a report on Monday, December 31st. BidaskClub raised Trimble from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $41.00 to $40.00 in a report on Thursday, January 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.75.

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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 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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