Livforsakringsbolaget Skandia Omsesidigt Purchases 1,700 Shares of Trimble Inc. (NASDAQ:TRMB)


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Livforsakringsbolaget Skandia Omsesidigt increased its position in Trimble Inc. (NASDAQ:TRMB) by 76.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,934 shares of the scientific and technical instruments company’s stock after buying an additional 1,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Trimble were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Trimble by 3.8% in the 4th quarter. First Trust Advisors LP now owns 297,210 shares of the scientific and technical instruments company’s stock worth $19,845,000 after purchasing an additional 10,931 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Trimble by 3.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 465,252 shares of the scientific and technical instruments company’s stock worth $31,070,000 after purchasing an additional 16,875 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Trimble by 9.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 46,980 shares of the scientific and technical instruments company’s stock worth $3,136,000 after purchasing an additional 4,030 shares during the period. Guggenheim Capital LLC increased its stake in Trimble by 3.1% in the 3rd quarter. Guggenheim Capital LLC now owns 22,193 shares of the scientific and technical instruments company’s stock worth $1,081,000 after purchasing an additional 676 shares during the period. Finally, RMB Capital Management LLC increased its stake in Trimble by 3.0% in the 4th quarter. RMB Capital Management LLC now owns 69,816 shares of the scientific and technical instruments company’s stock worth $4,662,000 after purchasing an additional 2,064 shares during the period. Institutional investors own 89.39% of the company’s stock.

Shares of TRMB stock opened at $79.74 on Thursday. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 3.46 and a beta of 1.50. The business’s fifty day moving average is $74.65 and its 200 day moving average is $64.21. Trimble Inc. has a twelve month low of $30.87 and a twelve month high of $84.86. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.41.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, February 10th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The company had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $783.79 million. Trimble had a return on equity of 14.84% and a net margin of 15.56%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts expect that Trimble Inc. will post 1.86 earnings per share for the current fiscal year.

In other Trimble news, Director Kaigham Gabriel sold 4,356 shares of the business’s stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $71.62, for a total value of $311,976.72. Following the sale, the director now directly owns 8,500 shares of the company’s stock, valued at $608,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James A. Kirkland sold 16,197 shares of the business’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $76.36, for a total value of $1,236,802.92. Following the completion of the sale, the senior vice president now directly owns 69,605 shares in the company, valued at $5,315,037.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

TRMB has been the topic of a number of analyst reports. Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research note on Tuesday, January 12th. Craig Hallum boosted their target price on Trimble from $44.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, February 11th. Finally, Morgan Stanley boosted their target price on Trimble from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, February 11th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.00.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through 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; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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