Janus Henderson Group PLC Acquires 80,950 Shares of Trimble Inc. $TRMB

Janus Henderson Group PLC grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 302.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 107,732 shares of the scientific and technical instruments company’s stock after purchasing an additional 80,950 shares during the period. Janus Henderson Group PLC’s holdings in Trimble were worth $7,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TRMB. ABN Amro Investment Solutions raised its holdings in shares of Trimble by 90.8% during the fourth quarter. ABN Amro Investment Solutions now owns 60,512 shares of the scientific and technical instruments company’s stock valued at $4,741,000 after purchasing an additional 28,791 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Trimble in the 2nd quarter valued at about $208,000. Swedbank AB increased its position in Trimble by 60.0% in the 4th quarter. Swedbank AB now owns 508,180 shares of the scientific and technical instruments company’s stock valued at $39,816,000 after buying an additional 190,638 shares in the last quarter. National Pension Service increased its position in Trimble by 49.4% in the 4th quarter. National Pension Service now owns 57,132 shares of the scientific and technical instruments company’s stock valued at $4,476,000 after buying an additional 18,897 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Trimble by 19.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,217,742 shares of the scientific and technical instruments company’s stock worth $330,460,000 after buying an additional 675,134 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Down 2.1%

TRMB opened at $58.58 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.99 and a beta of 1.37. Trimble Inc. has a twelve month low of $47.92 and a twelve month high of $87.50. The company’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $61.16.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. Trimble had a net margin of 12.38% and a return on equity of 11.61%. Trimble’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, equities analysts expect that Trimble Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company cut their price target on shares of Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price objective on shares of Trimble in a research note on Tuesday, July 7th. Barclays dropped their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Raymond James Financial lowered Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.78.

Trimble 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.