Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in Trimble Inc. (NASDAQ:TRMBGet Rating) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,112 shares of the scientific and technical instruments company’s stock after purchasing an additional 608 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trimble were worth $1,986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in Trimble by 40.9% in the 2nd quarter. Mackenzie Financial Corp now owns 52,308 shares of the scientific and technical instruments company’s stock valued at $3,046,000 after purchasing an additional 15,191 shares during the last quarter. MGO One Seven LLC acquired a new position in Trimble in the 2nd quarter valued at $654,000. Principal Financial Group Inc. raised its stake in Trimble by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 314,866 shares of the scientific and technical instruments company’s stock valued at $18,334,000 after purchasing an additional 5,688 shares during the last quarter. Cerity Partners LLC grew its holdings in Trimble by 25.5% in the 2nd quarter. Cerity Partners LLC now owns 12,220 shares of the scientific and technical instruments company’s stock valued at $711,000 after buying an additional 2,481 shares in the last quarter. Finally, Qtron Investments LLC purchased a new stake in Trimble in the 2nd quarter valued at $256,000. 90.19% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $58.71 on Thursday. The stock has a fifty day simple moving average of $56.62 and a 200-day simple moving average of $61.48. Trimble Inc. has a twelve month low of $49.99 and a twelve month high of $89.30. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $14.48 billion, a PE ratio of 30.90, a P/E/G ratio of 2.03 and a beta of 1.57.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRMB. Morgan Stanley dropped their target price on Trimble from $67.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday, November 3rd. Wolfe Research began coverage on Trimble in a report on Tuesday, August 16th. They issued a “market perform” rating for the company. TheStreet cut Trimble from a “b-” rating to a “c+” rating in a report on Tuesday, October 11th. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Trimble from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.83.

About Trimble

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Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.

See Also

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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