Foresight Group Ltd Liability Partnership Has $31.18 Million Stake in Trimble Inc. $TRMB

Foresight Group Ltd Liability Partnership trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,852 shares of the scientific and technical instruments company’s stock after selling 35,801 shares during the quarter. Trimble makes up 4.7% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 4th largest position. Foresight Group Ltd Liability Partnership owned approximately 0.16% of Trimble worth $31,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TRMB. Wealthfront Advisers LLC grew its holdings in shares of Trimble by 16.4% in the third quarter. Wealthfront Advisers LLC now owns 41,639 shares of the scientific and technical instruments company’s stock worth $3,400,000 after purchasing an additional 5,868 shares during the last quarter. Profund Advisors LLC grew its holdings in Trimble by 5.7% in the 3rd quarter. Profund Advisors LLC now owns 4,173 shares of the scientific and technical instruments company’s stock worth $341,000 after acquiring an additional 225 shares during the last quarter. Candriam S.C.A. increased its position in shares of Trimble by 2.0% in the third quarter. Candriam S.C.A. now owns 886,977 shares of the scientific and technical instruments company’s stock valued at $72,422,000 after acquiring an additional 17,073 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Trimble by 85.5% during the third quarter. Smartleaf Asset Management LLC now owns 3,142 shares of the scientific and technical instruments company’s stock valued at $257,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan boosted its holdings in shares of Trimble by 19.0% during the third quarter. Canada Post Corp Registered Pension Plan now owns 4,700 shares of the scientific and technical instruments company’s stock worth $385,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $66.93 on Tuesday. The company’s fifty day moving average price is $76.59 and its 200-day moving average price is $79.18. The stock has a market cap of $15.92 billion, a PE ratio of 45.84, a price-to-earnings-growth ratio of 2.31 and a beta of 1.59. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble declared that its Board of Directors has initiated 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 purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, January 21st. Zacks Research downgraded Trimble from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $102.00 price target on shares of Trimble in a research note on Thursday, November 6th. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective on the stock in a research report on Monday, December 15th. Finally, Barclays raised their target price on shares of Trimble from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of “Moderate Buy” and an average target price of $96.78.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $80.88, for a total transaction of $606,600.00. Following the completion of the transaction, the chief executive officer owned 34,397 shares in the company, valued at approximately $2,782,029.36. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Phillip Sawarynski sold 2,250 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $80.45, for a total value of $181,012.50. Following the completion of the sale, the chief financial officer directly owned 25,684 shares in the company, valued at approximately $2,066,277.80. This represents a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,866 shares of company stock worth $1,448,543. 0.54% of the stock is currently owned by company insiders.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.