Oregon Public Employees Retirement Fund Decreases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Oregon Public Employees Retirement Fund lowered its stake in Trimble Inc. (NASDAQ:TRMBGet Rating) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,945 shares of the scientific and technical instruments company’s stock after selling 631 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Trimble were worth $1,028,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Trimble by 2.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,494,627 shares of the scientific and technical instruments company’s stock worth $243,923,000 after acquiring an additional 118,318 shares during the period. Toronto Dominion Bank grew its stake in shares of Trimble by 1.1% during the 2nd quarter. Toronto Dominion Bank now owns 162,230 shares of the scientific and technical instruments company’s stock valued at $9,445,000 after purchasing an additional 1,836 shares during the period. Artemis Investment Management LLP increased its position in shares of Trimble by 4.7% during the 2nd quarter. Artemis Investment Management LLP now owns 377,768 shares of the scientific and technical instruments company’s stock valued at $22,052,000 after purchasing an additional 16,898 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Trimble by 6.6% in the 2nd quarter. State of Michigan Retirement System now owns 67,523 shares of the scientific and technical instruments company’s stock worth $3,932,000 after purchasing an additional 4,200 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in shares of Trimble by 33.1% in the second quarter. Metis Global Partners LLC now owns 5,291 shares of the scientific and technical instruments company’s stock worth $308,000 after buying an additional 1,316 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TRMB. Raymond James cut shares of Trimble from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Oppenheimer decreased their target price on Trimble from $86.00 to $72.00 in a report on Thursday, November 3rd. TheStreet lowered Trimble from a “b-” rating to a “c+” rating in a report on Tuesday, October 11th. JPMorgan Chase & Co. decreased their price objective on Trimble from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Finally, StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.17.

Trimble Stock Up 1.9 %

NASDAQ TRMB opened at $56.84 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. Trimble Inc. has a 12 month low of $47.52 and a 12 month high of $74.87. The stock’s 50 day moving average is $54.52 and its 200 day moving average is $58.74. The stock has a market cap of $14.02 billion, a PE ratio of 29.92, a P/E/G ratio of 1.76 and a beta of 1.57.

Trimble (NASDAQ:TRMBGet Rating) last issued its earnings results on Wednesday, November 2nd. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $884.90 million for the quarter, compared to the consensus estimate of $910.81 million. Trimble had a return on equity of 14.45% and a net margin of 12.80%. Research analysts predict that Trimble Inc. will post 2.25 EPS for the current fiscal year.

Trimble Profile

(Get Rating)

Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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