IFM Investors Pty Ltd Invests $340,000 in Trimble Inc (TRMB)

IFM Investors Pty Ltd acquired a new position in shares of Trimble Inc (NASDAQ:TRMB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,657 shares of the scientific and technical instruments company’s stock, valued at approximately $340,000.

Several other large investors also recently modified their holdings of TRMB. Balyasny Asset Management LLC raised its holdings in shares of Trimble by 234.9% during the second quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after acquiring an additional 1,139,589 shares during the period. Vanguard Group Inc. raised its holdings in shares of Trimble by 4.2% during the second quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after acquiring an additional 849,914 shares during the period. Capital International Investors raised its holdings in shares of Trimble by 8.6% during the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares during the period. First Quadrant L P CA increased its stake in Trimble by 9,319.3% in the 3rd quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock valued at $23,905,000 after buying an additional 602,586 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Trimble by 405.7% in the 2nd quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock valued at $22,609,000 after buying an additional 508,500 shares during the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.

Several brokerages have issued reports on TRMB. BidaskClub lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Trimble in a research note on Sunday, October 29th. Oppenheimer lifted their price target on shares of Trimble from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company lifted their price target on shares of Trimble from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.70.

Shares of Trimble Inc (NASDAQ TRMB) opened at $40.67 on Monday. The stock has a market cap of $10,239.12, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.86 and a beta of 2.35. Trimble Inc has a 52 week low of $28.61 and a 52 week high of $43.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $670.00 million for the quarter, compared to analyst estimates of $660.11 million. Trimble had a net margin of 7.66% and a return on equity of 12.97%. Trimble’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. equities research analysts anticipate that Trimble Inc will post 1.27 earnings per share for the current fiscal year.

Trimble announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 15th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In other news, VP James A. Kirkland sold 25,570 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $41.01, for a total transaction of $1,048,625.70. Following the transaction, the vice president now directly owns 50,221 shares in the company, valued at approximately $2,059,563.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jurgen Kliem sold 995 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.50, for a total transaction of $42,287.50. Following the transaction, the vice president now owns 18,175 shares in the company, valued at $772,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 320,278 shares of company stock worth $12,969,243 over the last 90 days. 1.40% of the stock is owned by company insiders.

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About Trimble

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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