State Board of Administration of Florida Retirement System reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,578 shares of the scientific and technical instruments company’s stock after selling 4,187 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of Trimble worth $13,117,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $125,000. Advisory Services Network LLC boosted its stake in shares of Trimble by 3,428.1% during the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock valued at $128,000 after buying an additional 3,051 shares during the last quarter. Delpha Capital Management LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $134,000. Armor Investment Advisors LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $203,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $209,000. Institutional investors own 90.88% of the company’s stock.
In related news, CFO Robert G. Painter sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the transaction, the chief financial officer now directly owns 15,388 shares in the company, valued at $533,501.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark S. Peek sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $39.36, for a total value of $196,800.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,377,600. The disclosure for this sale can be found here. Insiders have sold 66,795 shares of company stock worth $2,507,474 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Monday, May 7th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Trimble had a return on equity of 14.28% and a net margin of 4.64%. The firm had revenue of $742.20 million for the quarter, compared to analysts’ expectations of $730.66 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. analysts predict that Trimble Inc. will post 1.52 EPS for the current fiscal year.
Several equities analysts have recently commented on TRMB shares. BidaskClub cut Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Dougherty & Co cut Trimble from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 9th. Zacks Investment Research upgraded Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet cut Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Berenberg Bank upgraded Trimble from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, April 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Trimble presently has an average rating of “Hold” and a consensus target price of $42.20.
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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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