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.
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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