Trillium Asset Management LLC Increases Stake in Trimble Inc (TRMB)

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Trillium Asset Management LLC increased its position in shares of Trimble Inc (NASDAQ:TRMB) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 271,409 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,238 shares during the period. Trillium Asset Management LLC’s holdings in Trimble were worth $10,965,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JOYN Advisors Inc. increased its stake in shares of Trimble by 164.5% during the fourth quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 561 shares during the period. Lake Point Wealth Management purchased a new position in shares of Trimble during the fourth quarter valued at $31,000. Cornerstone Advisors Inc. increased its stake in shares of Trimble by 34.9% during the first quarter. Cornerstone Advisors Inc. now owns 997 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 258 shares during the period. Liberty Wealth Management LLC purchased a new position in shares of Trimble during the fourth quarter valued at $36,000. Finally, Captrust Financial Advisors increased its stake in shares of Trimble by 152.3% during the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock valued at $62,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

TRMB stock traded down $0.25 during trading on Wednesday, reaching $40.54. 10,585 shares of the company traded hands, compared to its average volume of 1,059,333. Trimble Inc has a 12 month low of $29.75 and a 12 month high of $44.55. The company has a market cap of $10.17 billion, a P/E ratio of 24.04, a PEG ratio of 2.08 and a beta of 2.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 0.77.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The company had revenue of $804.50 million for the quarter, compared to the consensus estimate of $808.58 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Trimble Inc will post 1.85 EPS for the current year.

TRMB has been the topic of a number of recent research reports. Zacks Investment Research downgraded Trimble from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, ValuEngine raised Trimble from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.33.

In other Trimble news, CFO Robert G. Painter sold 1,716 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.00, for a total value of $73,788.00. Following the completion of the sale, the chief financial officer now owns 31,527 shares of the company’s stock, valued at $1,355,661. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Julie A. Shepard sold 8,968 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $39.80, for a total value of $356,926.40. Following the completion of the sale, the vice president now directly owns 11,248 shares of the company’s stock, valued at approximately $447,670.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 263,661 shares of company stock worth $10,794,124. 0.39% of the stock is owned by corporate insiders.

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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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