Clear Harbor Asset Management LLC Sells 7,285 Shares of Trimble Inc (TRMB)

Clear Harbor Asset Management LLC cut its stake in Trimble Inc (NASDAQ:TRMB) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,800 shares of the scientific and technical instruments company’s stock after selling 7,285 shares during the period. Trimble makes up 2.6% of Clear Harbor Asset Management LLC’s holdings, making the stock its 4th largest position. Clear Harbor Asset Management LLC owned approximately 0.13% of Trimble worth $12,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Conestoga Capital Advisors LLC boosted its stake in Trimble by 3.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 12,844 shares of the scientific and technical instruments company’s stock worth $519,000 after purchasing an additional 400 shares during the period. IFM Investors Pty Ltd lifted its position in Trimble by 19.0% during the 1st quarter. IFM Investors Pty Ltd now owns 18,683 shares of the scientific and technical instruments company’s stock worth $755,000 after buying an additional 2,985 shares in the last quarter. Hills Bank & Trust Co. bought a new stake in shares of Trimble in the 1st quarter valued at about $210,000. DAVENPORT & Co LLC raised its holdings in shares of Trimble by 3.7% in the 1st quarter. DAVENPORT & Co LLC now owns 12,665 shares of the scientific and technical instruments company’s stock valued at $512,000 after purchasing an additional 454 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of Trimble by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 410,408 shares of the scientific and technical instruments company’s stock valued at $16,580,000 after purchasing an additional 1,795 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

TRMB has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Trimble from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. ValuEngine raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, BidaskClub raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $44.33.

Shares of NASDAQ:TRMB opened at $42.16 on Friday. Trimble Inc has a 12-month low of $29.75 and a 12-month high of $44.55. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.17 and a beta of 2.15. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.60.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The firm had revenue of $804.50 million for the quarter, compared to analyst estimates of $808.58 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Equities analysts expect that Trimble Inc will post 1.85 earnings per share for the current fiscal year.

In related news, CEO Steven W. Berglund sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $42.15, for a total transaction of $4,215,000.00. Following the sale, the chief executive officer now owns 354,144 shares in the company, valued at approximately $14,927,169.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bryn Fosburgh sold 13,573 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $38.82, for a total transaction of $526,903.86. Following the sale, the vice president now owns 9,562 shares in the company, valued at approximately $371,196.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,615 shares of company stock worth $11,568,738. Company insiders own 0.39% of the company’s stock.

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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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