Boston Partners Buys 525,214 Shares of Trimble Inc. $TRMB

Boston Partners raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,170,179 shares of the scientific and technical instruments company’s stock after purchasing an additional 525,214 shares during the period. Boston Partners owned 1.75% of Trimble worth $318,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TRMB. MAI Capital Management raised its holdings in Trimble by 4.7% during the 2nd quarter. MAI Capital Management now owns 2,810 shares of the scientific and technical instruments company’s stock valued at $213,000 after buying an additional 126 shares during the period. Parkside Financial Bank & Trust increased its position in Trimble by 18.4% during the second quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock valued at $69,000 after acquiring an additional 141 shares during the last quarter. Balboa Wealth Partners raised its stake in shares of Trimble by 4.7% in the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after acquiring an additional 144 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Trimble by 11.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company’s stock worth $115,000 after acquiring an additional 159 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Trimble by 5.6% during the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $232,000 after purchasing an additional 188 shares during the period. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRMB. 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. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $102.00 price target on shares of Trimble in a research note on Thursday, November 6th. Finally, Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $94.18.

Trimble Stock Performance

Trimble stock opened at $80.85 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The company has a market capitalization of $19.24 billion, a PE ratio of 69.70, a P/E/G ratio of 3.26 and a beta of 1.66. The company has a 50 day moving average price of $79.36 and a 200-day moving average price of $78.38. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

Trimble (NASDAQ:TRMB) last released 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 for the quarter. As a group, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were 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 in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total transaction of $139,158.00. Following the completion of the sale, the director directly owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 24,692 shares of company stock valued at $1,954,986. 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.