Global Thematic Partners LLC Has $36.71 Million Position in Trimble Inc (TRMB)

Global Thematic Partners LLC lowered its stake in shares of Trimble Inc (NASDAQ:TRMB) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 908,633 shares of the scientific and technical instruments company’s stock after selling 6,798 shares during the period. Trimble accounts for 1.7% of Global Thematic Partners LLC’s investment portfolio, making the stock its 27th largest position. Global Thematic Partners LLC owned 0.36% of Trimble worth $36,709,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its position in Trimble by 21.3% during the 3rd quarter. First Trust Advisors LP now owns 15,413 shares of the scientific and technical instruments company’s stock worth $670,000 after acquiring an additional 2,704 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Trimble by 24,279.4% during the third quarter. Bank of New York Mellon Corp now owns 3,787,337 shares of the scientific and technical instruments company’s stock valued at $164,597,000 after purchasing an additional 3,771,802 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Trimble by 6.7% during the third quarter. Hsbc Holdings PLC now owns 63,691 shares of the scientific and technical instruments company’s stock valued at $2,767,000 after purchasing an additional 4,026 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Trimble by 24.0% during the third quarter. Riverhead Capital Management LLC now owns 31,548 shares of the scientific and technical instruments company’s stock valued at $1,371,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Trimble by 38.2% during the third quarter. Capital International Investors now owns 11,285,352 shares of the scientific and technical instruments company’s stock valued at $490,461,000 after purchasing an additional 3,121,423 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors.

Shares of NASDAQ TRMB opened at $43.35 on Friday. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $44.55. The company has a market capitalization of $10.94 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.11 and a beta of 2.15. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The business had revenue of $804.50 million for the quarter, compared to analyst estimates of $808.58 million. During the same period in the prior year, the business posted $0.44 earnings per share. Trimble’s revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Trimble Inc will post 1.84 EPS for the current fiscal year.

TRMB has been the topic of several research analyst reports. Zacks Investment Research cut shares of Trimble from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. ValuEngine raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and decreased their price target for the company 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Trimble presently has a consensus rating of “Buy” and an average target price of $42.75.

In related news, CEO Steven W. Berglund sold 381,675 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $37.73, for a total value of $14,400,597.75. Following the transaction, the chief executive officer now directly owns 574,467 shares in the company, valued at $21,674,639.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert G. Painter sold 6,381 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $38.82, for a total transaction of $247,710.42. The disclosure for this sale can be found here. Insiders sold 648,574 shares of company stock worth $24,914,798 over the last 90 days. 0.39% of the stock is currently owned by company insiders.

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About Trimble

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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