Oakbrook Investments LLC Has $707,000 Holdings in Trimble Inc (TRMB)

Oakbrook Investments LLC decreased its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,500 shares of the scientific and technical instruments company’s stock after selling 8,000 shares during the period. Oakbrook Investments LLC’s holdings in Trimble were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRMB. JOYN Advisors Inc. increased its holdings in shares of Trimble by 164.5% during the fourth quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 561 shares in the last quarter. Lake Point Wealth Management acquired a new stake in shares of Trimble during the fourth quarter worth approximately $31,000. Liberty Wealth Management LLC acquired a new stake in shares of Trimble during the fourth quarter worth approximately $36,000. Captrust Financial Advisors increased its holdings in shares of Trimble by 152.3% during the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 1,136 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Trimble during the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Shares of Trimble stock opened at $41.14 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market capitalization of $10.38 billion, a P/E ratio of 24.34, a P/E/G ratio of 2.13 and a beta of 2.18. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $44.55.

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 for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $792.90 million during the quarter, compared to analyst estimates of $809.82 million. Trimble had a net margin of 9.10% and a return on equity of 16.48%. Trimble’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities analysts predict that Trimble Inc will post 1.84 earnings per share for the current fiscal year.

In other Trimble news, insider Ronald Bisio sold 9,700 shares of Trimble stock in a transaction on Friday, March 1st. The shares were sold at an average price of $40.50, for a total transaction of $392,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert G. Painter sold 1,717 shares of Trimble stock in a transaction on Monday, April 1st. The stock was sold at an average price of $41.00, for a total transaction of $70,397.00. Following the sale, the chief financial officer now directly owns 33,243 shares of the company’s stock, valued at approximately $1,362,963. The disclosure for this sale can be found here. Insiders have sold a total of 628,770 shares of company stock valued at $24,117,882 in the last ninety days. Company insiders own 0.39% of the company’s stock.

A number of analysts recently weighed in on TRMB shares. Zacks Investment Research lowered shares of Trimble from a “hold” rating to a “sell” rating in a report on Monday, February 11th. BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $41.00 to $40.00 in a report on Thursday, January 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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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