State of Wyoming Purchases Shares of 881 Trimble Inc. $TRMB

State of Wyoming purchased a new stake in Trimble Inc. (NASDAQ:TRMB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 881 shares of the scientific and technical instruments company’s stock, valued at approximately $58,000.

Other large investors also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Trimble by 1.4% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 79,528 shares of the scientific and technical instruments company’s stock valued at $5,221,000 after acquiring an additional 1,121 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Trimble by 26.2% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 23,292 shares of the scientific and technical instruments company’s stock valued at $1,529,000 after acquiring an additional 4,842 shares in the last quarter. Comerica Bank boosted its holdings in shares of Trimble by 2.0% in the first quarter. Comerica Bank now owns 40,124 shares of the scientific and technical instruments company’s stock valued at $2,634,000 after acquiring an additional 774 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Trimble by 34.7% in the first quarter. Smartleaf Asset Management LLC now owns 2,555 shares of the scientific and technical instruments company’s stock valued at $167,000 after acquiring an additional 658 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Trimble by 27.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,934 shares of the scientific and technical instruments company’s stock valued at $258,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TRMB shares. Raymond James Financial restated an “outperform” rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Oppenheimer increased their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $90.50.

Trimble Trading Down 1.5%

Shares of NASDAQ TRMB opened at $80.06 on Wednesday. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company has a 50-day moving average of $81.71 and a two-hundred day moving average of $72.53. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The company has a market cap of $19.05 billion, a PE ratio of 69.02, a P/E/G ratio of 3.34 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $875.70 million during the quarter, compared to analysts’ expectations of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 115,781 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the sale, the chief executive officer directly owned 114,879 shares of the company’s stock, valued at approximately $9,515,427.57. This represents a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,992 shares of company stock worth $18,579,506. Company insiders own 0.54% 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's Buildings and Infrastructure segment offers field and office software for project design and visualization; 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.