Wendell David Associates Inc. Increases Stake in Trimble Inc (TRMB)

Wendell David Associates Inc. increased its position in Trimble Inc (NASDAQ:TRMB) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,560 shares of the scientific and technical instruments company’s stock after buying an additional 1,000 shares during the period. Wendell David Associates Inc.’s holdings in Trimble were worth $466,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FTB Advisors Inc. boosted its stake in Trimble by 0.5% in the third quarter. FTB Advisors Inc. now owns 8,267 shares of the scientific and technical instruments company’s stock worth $236,000 after buying an additional 42 shares in the last quarter. Farr Miller & Washington LLC DC boosted its stake in Trimble by 0.3% in the fourth quarter. Farr Miller & Washington LLC DC now owns 8,743 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 25 shares in the last quarter. EP Wealth Advisors Inc. bought a new stake in Trimble during the third quarter worth approximately $254,000. Cigna Investments Inc. New bought a new stake in Trimble during the fourth quarter worth approximately $271,000. Finally, Flinton Capital Management LLC bought a new stake in Trimble during the fourth quarter worth approximately $316,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Trimble Inc (NASDAQ:TRMB) traded down 0.26% during trading on Friday, reaching $31.02. 800,116 shares of the company’s stock traded hands. The firm has a 50 day moving average of $31.41 and a 200 day moving average of $29.90. The firm has a market capitalization of $7.83 billion, a PE ratio of 59.65 and a beta of 2.23. Trimble Inc has a 1-year low of $22.68 and a 1-year high of $32.34.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble had a net margin of 5.60% and a return on equity of 11.55%. The business had revenue of $585.60 million for the quarter, compared to analysts’ expectations of $579.04 million. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that Trimble Inc will post $1.35 EPS for the current year.

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A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Trimble from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Dougherty & Co cut shares of Trimble from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Monday, January 30th. Northcoast Research assumed coverage on shares of Trimble in a research note on Friday, January 13th. They set a “neutral” rating for the company. Needham & Company LLC boosted their target price on shares of Trimble from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Finally, Craig Hallum boosted their price target on shares of Trimble from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Trimble currently has a consensus rating of “Hold” and an average target price of $29.50.

In other Trimble news, VP James A. Kirkland sold 15,000 shares of Trimble stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $31.71, for a total transaction of $475,650.00. Following the transaction, the vice president now directly owns 36,060 shares of the company’s stock, valued at $1,143,462.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Bryn Fosburgh sold 125,836 shares of Trimble stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $31.02, for a total transaction of $3,903,432.72. Following the transaction, the vice president now directly owns 28,126 shares in the company, valued at $872,468.52. The disclosure for this sale can be found here. Insiders sold 681,881 shares of company stock worth $21,364,043 over the last three months. Corporate insiders own 1.90% of the company’s stock.

About Trimble

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

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