Trimble Inc. $TRMB Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,495 shares of the scientific and technical instruments company’s stock after selling 196 shares during the quarter. Signaturefd LLC’s holdings in Trimble were worth $190,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TRMB. Brighton Jones LLC acquired a new stake in Trimble in the 4th quarter valued at approximately $211,000. Wealth Enhancement Advisory Services LLC increased its position in Trimble by 9.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,479 shares of the scientific and technical instruments company’s stock valued at $2,366,000 after acquiring an additional 2,927 shares during the period. Wellington Management Group LLP increased its position in Trimble by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company’s stock valued at $1,580,000 after acquiring an additional 5,472 shares during the period. GAMMA Investing LLC increased its position in shares of Trimble by 8,114.0% during the 1st quarter. GAMMA Investing LLC now owns 346,304 shares of the scientific and technical instruments company’s stock valued at $22,735,000 after purchasing an additional 342,088 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Trimble by 20.0% during the 1st quarter. Parallel Advisors LLC now owns 1,904 shares of the scientific and technical instruments company’s stock valued at $125,000 after purchasing an additional 317 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the completion of the sale, the vice president owned 406 shares of the company’s stock, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the sale, the director directly owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,881 shares of company stock valued at $19,066,393. 0.54% of the stock is currently owned by company insiders.

Trimble Stock Performance

Shares of Trimble stock opened at $80.21 on Friday. The stock has a market cap of $19.09 billion, a PE ratio of 69.15, a price-to-earnings-growth ratio of 3.26 and a beta of 1.65. The business has a fifty day simple moving average of $81.88 and a 200-day simple moving average of $73.90. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $875.70 million during the quarter, compared to analysts’ expectations of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%.Trimble’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. On average, sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRMB. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer lifted their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Trimble currently has an average rating of “Buy” and a consensus target price of $90.75.

Trimble Company 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.