Paloma Partners Management Co reduced its stake in Trimble Inc (NASDAQ:TRMB) by 79.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,121 shares of the scientific and technical instruments company’s stock after selling 55,018 shares during the quarter. Paloma Partners Management Co’s holdings in Trimble were worth $573,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. Cerebellum GP LLC purchased a new stake in Trimble in the 4th quarter valued at $125,000. Advisory Services Network LLC grew its stake in 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 valued at $128,000 after purchasing an additional 3,051 shares during the period. Delpha Capital Management LLC bought a new position in Trimble in the 4th quarter valued at $134,000. Fieldpoint Private Securities LLC bought a new position in Trimble in the 3rd quarter valued at $137,000. Finally, Armor Investment Advisors LLC bought a new position in Trimble in the 4th quarter valued at $203,000. 89.96% of the stock is owned by institutional investors and hedge funds.
Trimble Inc (NASDAQ TRMB) opened at $35.76 on Friday. The stock has a market capitalization of $9,290.13, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 2.21 and a beta of 2.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29. Trimble Inc has a 12 month low of $30.45 and a 12 month high of $45.70.
Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $708.40 million during the quarter, compared to the consensus estimate of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. equities research analysts expect that Trimble Inc will post 1.51 earnings per share for the current fiscal year.
A number of research analysts have issued reports on TRMB shares. BidaskClub downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Oppenheimer restated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. 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. Finally, TheStreet downgraded Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.10.
In other news, Director Mark S. Peek sold 5,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $39.36, for a total transaction of $196,800.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,377,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, 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 have 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 owned by corporate insiders.
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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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