Wealth Enhancement Advisory Services LLC Raises Holdings in Trimble Inc. $TRMB

Wealth Enhancement Advisory Services LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 43.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,324 shares of the scientific and technical instruments company’s stock after buying an additional 15,448 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Trimble were worth $4,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its stake in Trimble by 30.1% during the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock worth $268,000 after buying an additional 943 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Trimble by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock worth $522,000 after purchasing an additional 452 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Trimble by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock valued at $2,793,000 after purchasing an additional 4,185 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Trimble by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company’s stock valued at $346,000 after buying an additional 1,059 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $208,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the sale, the vice president owned 406 shares in the company, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 230,357 shares of company stock worth $19,181,521 over the last three months. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRMB. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Oppenheimer raised their price objective on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $90.75.

Trimble Stock Performance

Shares of Trimble stock opened at $79.98 on Friday. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 68.95, a price-to-earnings-growth ratio of 3.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The business has a 50-day moving average of $82.06 and a 200 day moving average of $73.46. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business had revenue of $875.70 million for the quarter, compared to analysts’ expectations of $835.81 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.