Andra AP fonden Acquires New Position in Trimble Inc. $TRMB

Andra AP fonden acquired a new position in Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,190 shares of the scientific and technical instruments company’s stock, valued at approximately $698,000.

Other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in Trimble in the 2nd quarter worth $34,000. Flaharty Asset Management LLC purchased a new stake in Trimble during the first quarter valued at about $45,000. Ameritas Advisory Services LLC bought a new position in shares of Trimble during the second quarter valued at about $48,000. Steph & Co. grew its stake in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 592 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Trimble in the first quarter worth about $58,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity

In other Trimble news, Director James Calvin Dalton sold 609 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director owned 13,809 shares in the company, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction dated 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 directly owned 406 shares in the company, valued at $33,186.44. This represents a 94.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 131,255 shares of company stock worth $10,809,718 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRMB has been the subject of several analyst reports. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Barclays initiated coverage on shares of Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Trimble currently has an average rating of “Buy” and an average target price of $94.20.

Trimble Trading Up 0.1%

Shares of TRMB opened at $78.90 on Friday. Trimble Inc. has a 1-year low of $52.91 and a 1-year 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 firm’s 50-day moving average price is $79.98 and its 200-day moving average price is $77.07. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 68.02, a PEG ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. The business had revenue of $856.50 million during the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

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.