Fmr LLC Grows Holdings in Trimble Inc (TRMB)

Fmr LLC raised its stake in Trimble Inc (NASDAQ:TRMB) by 28.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,494,787 shares of the scientific and technical instruments company’s stock after buying an additional 1,893,300 shares during the period. Fmr LLC’s holdings in Trimble were worth $278,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Trimble by 4.9% in the 2nd quarter. BlackRock Inc. now owns 24,840,805 shares of the scientific and technical instruments company’s stock valued at $815,770,000 after buying an additional 1,164,391 shares during the period. Bank of New York Mellon Corp boosted its position in Trimble by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,557,677 shares of the scientific and technical instruments company’s stock valued at $182,514,000 after buying an additional 207,766 shares during the period. Saturna Capital CORP raised its holdings in shares of Trimble by 1.3% in the 2nd quarter. Saturna Capital CORP now owns 1,554,905 shares of the scientific and technical instruments company’s stock valued at $51,063,000 after purchasing an additional 20,200 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Trimble by 117.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,545,899 shares of the scientific and technical instruments company’s stock valued at $55,467,000 after purchasing an additional 836,079 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Trimble by 185.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,436,710 shares of the scientific and technical instruments company’s stock valued at $47,181,000 after purchasing an additional 933,800 shares in the last quarter. 90.06% of the stock is owned by institutional investors.

NASDAQ:TRMB opened at $36.77 on Wednesday. Trimble Inc has a one year low of $32.01 and a one year high of $45.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.93 and a quick ratio of 1.54. The stock has a market capitalization of $9.29 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.21 and a beta of 2.42.



Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The business had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Research analysts forecast that Trimble Inc will post 1.62 earnings per share for the current year.

Several equities research analysts have recently commented on TRMB shares. ValuEngine upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, BidaskClub upgraded shares of Trimble from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Trimble has a consensus rating of “Hold” and a consensus target price of $42.50.

In related news, SVP Sachin Sankpal sold 3,151 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total transaction of $135,556.02. Following the completion of the transaction, the senior vice president now owns 17,997 shares in the company, valued at approximately $774,230.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Bryn Fosburgh sold 38,195 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total transaction of $1,535,820.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,501 shares of company stock valued at $4,482,076. Company insiders own 0.36% of the company’s stock.

Trimble 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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

Featured Article: Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc (NASDAQ:TRMB).

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply