AGF Management Ltd. Has $7.13 Million Stake in Trimble Inc. $TRMB

AGF Management Ltd. reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,784 shares of the scientific and technical instruments company’s stock after selling 7,629 shares during the period. AGF Management Ltd.’s holdings in Trimble were worth $7,126,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in Trimble in the second quarter valued at approximately $34,000. Ameritas Advisory Services LLC bought a new position in Trimble during the second quarter worth $48,000. Flaharty Asset Management LLC acquired a new stake in Trimble in the first quarter worth $45,000. Steph & Co. grew its holdings in Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares during the period. Finally, State of Wyoming bought a new stake in Trimble in the first quarter valued at $58,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the completion of the transaction, the chief executive officer directly owned 92,379 shares of the company’s stock, valued at $6,988,471.35. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director 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 is available in the SEC filing. Over the last 90 days, insiders sold 131,255 shares of company stock worth $10,809,718. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Barclays assumed coverage on Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Oppenheimer reiterated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $94.20.

Trimble Stock Performance

TRMB stock opened at $78.90 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a market cap of $18.77 billion, a PE ratio of 68.02, a P/E/G ratio of 3.26 and a beta of 1.66. The business has a 50 day moving average of $79.98 and a 200-day moving average of $77.07. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share 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, sell-side analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

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.