US Bancorp DE Lowers Stock Holdings in Trimble Inc. $TRMB

US Bancorp DE decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 6.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,283 shares of the scientific and technical instruments company’s stock after selling 1,351 shares during the period. US Bancorp DE’s holdings in Trimble were worth $1,617,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TRMB. Nuveen LLC bought a new stake in shares of Trimble in the first quarter worth about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Trimble by 26.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock worth $458,113,000 after purchasing an additional 1,445,851 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Trimble by 2.0% in the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock worth $1,988,450,000 after purchasing an additional 582,124 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Trimble by 296.5% in the first quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock worth $48,680,000 after purchasing an additional 554,514 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Trimble by 85.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock worth $73,024,000 after purchasing an additional 511,200 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

TRMB stock opened at $77.87 on Friday. The stock has a market capitalization of $18.53 billion, a PE ratio of 67.13, a price-to-earnings-growth ratio of 3.23 and a beta of 1.65. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. 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 stock’s 50 day simple moving average is $80.83 and its 200 day simple moving average is $74.55.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $856.50 million for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. As a group, research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Oppenheimer upped their target price on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus price target of $92.10.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction on 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 sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president owned 406 shares of the company’s stock, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,321 shares of company stock worth $18,677,518. 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.