State of Wisconsin Investment Board Boosts Holdings in Trimble Inc (NASDAQ:TRMB)

State of Wisconsin Investment Board raised its position in Trimble Inc (NASDAQ:TRMB) by 9.3% in the 1st quarter, Holdings Channel reports. The firm owned 273,799 shares of the scientific and technical instruments company’s stock after buying an additional 23,310 shares during the period. State of Wisconsin Investment Board’s holdings in Trimble were worth $11,061,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRMB. Principal Financial Group Inc. grew its stake in Trimble by 0.8% during the first quarter. Principal Financial Group Inc. now owns 1,105,826 shares of the scientific and technical instruments company’s stock worth $44,675,000 after purchasing an additional 8,834 shares during the period. Rockefeller Capital Management L.P. grew its stake in Trimble by 0.7% during the first quarter. Rockefeller Capital Management L.P. now owns 783,011 shares of the scientific and technical instruments company’s stock worth $31,633,000 after purchasing an additional 5,162 shares during the period. Argent Capital Management LLC acquired a new stake in Trimble during the first quarter worth approximately $39,533,000. AGF Investments Inc. grew its stake in Trimble by 4.4% during the first quarter. AGF Investments Inc. now owns 101,216 shares of the scientific and technical instruments company’s stock worth $4,089,000 after purchasing an additional 4,234 shares during the period. Finally, NumerixS Investment Technologies Inc grew its stake in Trimble by 66.7% during the first quarter. NumerixS Investment Technologies Inc now owns 5,000 shares of the scientific and technical instruments company’s stock worth $202,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

TRMB has been the subject of several recent analyst reports. ValuEngine cut Trimble from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Zacks Investment Research lowered Trimble from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.33.

Shares of NASDAQ:TRMB opened at $43.06 on Friday. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. Trimble Inc has a 52-week low of $29.75 and a 52-week high of $44.55.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $804.50 million for the quarter, compared to analyst estimates of $808.58 million. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Trimble Inc will post 1.84 earnings per share for the current year.

In other Trimble news, Director Mark S. Peek sold 15,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $40.00, for a total value of $600,000.00. Following the transaction, the director now owns 48,074 shares in the company, valued at $1,922,960. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert G. Painter sold 1,717 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $39.35, for a total value of $67,563.95. Following the completion of the transaction, the chief financial officer now owns 34,960 shares in the company, valued at approximately $1,375,676. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,884 shares of company stock worth $6,541,953. Corporate insiders own 0.39% of the company’s stock.

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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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