AE Wealth Management LLC Increases Position in Trimble Inc. $TRMB

AE Wealth Management LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,430 shares of the scientific and technical instruments company’s stock after buying an additional 715 shares during the period. AE Wealth Management LLC’s holdings in Trimble were worth $944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRMB. Brighton Jones LLC acquired a new stake in shares of Trimble in the fourth quarter valued at $211,000. Envestnet Asset Management Inc. boosted its stake in Trimble by 3.7% in the first quarter. Envestnet Asset Management Inc. now owns 283,216 shares of the scientific and technical instruments company’s stock valued at $18,593,000 after acquiring an additional 10,201 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Trimble in the first quarter valued at approximately $335,000. Cerity Partners LLC grew its position in Trimble by 29.1% during the 1st quarter. Cerity Partners LLC now owns 87,492 shares of the scientific and technical instruments company’s stock worth $5,744,000 after purchasing an additional 19,724 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Trimble by 1.5% in the 1st quarter. New York State Common Retirement Fund now owns 153,056 shares of the scientific and technical instruments company’s stock valued at $10,048,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Down 6.3%

TRMB opened at $77.02 on Friday. The business has a 50 day moving average of $79.99 and a 200-day moving average of $77.47. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 66.40, a P/E/G ratio of 3.26 and a beta of 1.66. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50.

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

Insider Buying and Selling

In other news, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. The trade was a 94.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director owned 13,809 shares in the company, valued at $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 three months, insiders have sold 24,692 shares of company stock valued at $1,954,986. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

TRMB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Barclays assumed coverage on shares of Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Trimble in a research note on Thursday. They set an “overweight” rating and a $94.00 price target on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $102.00 price target on shares of Trimble in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $94.18.

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.