Kennedy Capital Management Inc. Has $3.34 Million Stake in Trimble Inc (NASDAQ:TRMB)

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Kennedy Capital Management Inc. lessened its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,572 shares of the scientific and technical instruments company’s stock after selling 1,327 shares during the period. Kennedy Capital Management Inc.’s holdings in Trimble were worth $3,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JOYN Advisors Inc. lifted its holdings in shares of Trimble by 164.5% during the 4th quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 561 shares during the last quarter. Lake Point Wealth Management purchased a new stake in shares of Trimble during the 4th quarter valued at $31,000. Cornerstone Advisors Inc. lifted its holdings in shares of Trimble by 34.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 997 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 258 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Trimble during the 4th quarter valued at $36,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Trimble by 152.3% during the 4th quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock valued at $62,000 after purchasing an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Several brokerages have recently commented on TRMB. ValuEngine upgraded Trimble from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research lowered Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.33.

In related news, CFO Robert G. Painter sold 1,717 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $39.35, for a total value of $67,563.95. Following the completion of the transaction, the chief financial officer now owns 34,960 shares in the company, valued at approximately $1,375,676. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ronald Bisio sold 6,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $42.41, for a total value of $254,460.00. Following the completion of the transaction, the vice president now owns 9,938 shares of the company’s stock, valued at approximately $421,470.58. The disclosure for this sale can be found here. Insiders sold a total of 156,884 shares of company stock valued at $6,541,953 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

Shares of TRMB stock opened at $43.06 on Friday. The firm has a market capitalization of $10.72 billion, a P/E ratio of 25.36, a PEG ratio of 2.20 and a beta of 2.03. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Trimble Inc has a 1 year low of $29.75 and a 1 year high of $44.55.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $804.50 million during the quarter, compared to analyst estimates of $808.58 million. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Analysts forecast that Trimble Inc will post 1.84 EPS for the current fiscal year.

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Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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