Trimble Inc. $TRMB Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,765 shares of the scientific and technical instruments company’s stock after selling 25,598 shares during the period. Trillium Asset Management LLC’s holdings in Trimble were worth $5,526,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in Trimble by 32.4% in the third quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 199 shares during the last quarter. State of Wyoming grew its stake in Trimble by 14.5% during the 1st quarter. State of Wyoming now owns 1,899 shares of the scientific and technical instruments company’s stock valued at $124,000 after purchasing an additional 240 shares in the last quarter. Brighton Jones LLC increased its holdings in Trimble by 5.6% during the 3rd quarter. Brighton Jones LLC now owns 4,559 shares of the scientific and technical instruments company’s stock worth $260,000 after purchasing an additional 242 shares during the last quarter. Allworth Financial LP increased its holdings in Trimble by 5.6% during the 3rd quarter. Allworth Financial LP now owns 4,587 shares of the scientific and technical instruments company’s stock worth $262,000 after purchasing an additional 242 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Trimble by 6.2% during the 3rd quarter. Brookstone Capital Management now owns 4,236 shares of the scientific and technical instruments company’s stock worth $242,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 2,476 shares of Trimble stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $65.00, for a total value of $160,940.00. Following the completion of the transaction, the director owned 14,950 shares of the company’s stock, valued at $971,750. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is currently owned by corporate insiders.

Trimble Stock Down 0.3%

Trimble stock traded down $0.19 during midday trading on Friday, hitting $55.64. The stock had a trading volume of 2,085,228 shares, compared to its average volume of 2,504,790. The company has a current ratio of 0.93, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.75 billion, a P/E ratio of -79.48, a P/E/G ratio of 1.79 and a beta of 1.32. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The business has a fifty day moving average price of $59.24 and a 200 day moving average price of $60.11.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Trimble had a positive return on equity of 12.73% and a negative net margin of 4.08%. The company had revenue of $966.80 million for the quarter, compared to the consensus estimate of $966.41 million. During the same quarter last year, the business posted $0.81 EPS. Trimble’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts predict that Trimble Inc. will post 3.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Oppenheimer reduced their target price on Trimble from $80.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Wells Fargo & Company dropped their price target on shares of Trimble from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, November 5th. Sanford C. Bernstein dropped their price target on shares of Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Loop Capital assumed coverage on shares of Trimble in a research note on Monday, October 26th. They set a “buy” rating and a $76.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.22.

Trimble Company Profile

Trimble Inc. develops technology that connects the physical and digital worlds to help customers plan, build, and manage infrastructure and other assets. Its offerings combine positioning technologies, hardware, software, and data services for industries including construction, geospatial, transportation, and agriculture. Products and services include GNSS and surveying equipment, machine-control systems, mapping and measurement tools, and software for design, project management, fleet operations, and asset tracking.