Raymond James Financial Services Advisors Inc. lifted its stake in Trimble Inc (NASDAQ:TRMB) by 35.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,131 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,647 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Trimble were worth $412,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Trimble in the 4th quarter worth $125,000. Advisory Services Network LLC increased its stake in shares of Trimble by 3,428.1% in the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,051 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Trimble in the 3rd quarter worth $137,000. Armor Investment Advisors LLC purchased a new stake in shares of Trimble in the 4th quarter worth $203,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Trimble in the 4th quarter worth $209,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
In other Trimble news, Director Mark S. Peek sold 10,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $39.80, for a total value of $398,000.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at approximately $1,393,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulf J. Johansson sold 50,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $38.07, for a total value of $1,903,500.00. Following the completion of the sale, the director now owns 42,670 shares of the company’s stock, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. Insiders sold a total of 471,946 shares of company stock valued at $18,558,140 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Shares of Trimble Inc (TRMB) opened at $38.34 on Friday. Trimble Inc has a 12 month low of $30.45 and a 12 month high of $45.70. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $9,491.22, a price-to-earnings ratio of 81.58, a price-to-earnings-growth ratio of 2.26 and a beta of 2.41.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business had revenue of $708.40 million during the quarter, compared to analyst estimates of $674.84 million. During the same quarter in the prior year, the business posted $0.31 EPS. Trimble’s revenue for the quarter was up 21.0% compared to the same quarter last year. equities analysts expect that Trimble Inc will post 1.51 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on TRMB shares. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, December 26th. TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. BidaskClub lowered Trimble from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Oppenheimer restated a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $42.10.
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Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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