Brown Advisory Inc. Sells 10,432 Shares of Trimble Inc. $TRMB

Brown Advisory Inc. reduced its position in shares of Trimble Inc. (NASDAQ:TRMB) by 11.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,730 shares of the scientific and technical instruments company’s stock after selling 10,432 shares during the quarter. Brown Advisory Inc.’s holdings in Trimble were worth $5,982,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a report on Thursday, November 6th. Barclays began coverage on shares of Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price objective for the company. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on Trimble in a report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target on the stock. Three equities 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. Based on data from MarketBeat, Trimble has an average rating of “Buy” and a consensus price target of $94.18.

Trimble Trading Down 2.1%

Shares of Trimble stock opened at $81.77 on Tuesday. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company’s fifty day simple moving average is $79.49 and its 200-day simple moving average is $79.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market capitalization of $19.45 billion, a PE ratio of 56.01, a P/E/G ratio of 3.26 and a beta of 1.60.

Trimble (NASDAQ:TRMB) last announced its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. The company had revenue of $856.50 million for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%. As a group, equities analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has authorized a stock repurchase program on Friday, December 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $79.50, for a total transaction of $596,250.00. Following the transaction, the chief executive officer directly owned 84,879 shares of the company’s stock, valued at $6,747,880.50. The trade was a 8.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,699 shares of company stock valued at $1,955,304 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.