Aberdeen Group plc Buys 22,229 Shares of Trimble Inc. $TRMB

Aberdeen Group plc raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,190 shares of the scientific and technical instruments company’s stock after purchasing an additional 22,229 shares during the quarter. Aberdeen Group plc’s holdings in Trimble were worth $20,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Trimble during the second quarter worth $48,000. Flaharty Asset Management LLC bought a new stake in shares of Trimble during the first quarter worth $45,000. Steph & Co. lifted its position in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares during the last quarter. State of Wyoming bought a new stake in shares of Trimble during the first quarter worth $58,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after purchasing an additional 591 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the transaction, the director owned 13,809 shares in the company, valued at $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the transaction, the chief executive officer owned 114,879 shares in the company, valued at $9,515,427.57. This trade represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,821 shares of company stock worth $18,110,143 over the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRMB. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Berenberg Bank set a $95.00 price target on Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Barclays initiated coverage on Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target on the stock. Finally, Oppenheimer raised their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus price target of $92.10.

Trimble Price Performance

TRMB opened at $77.06 on Tuesday. The business’s 50-day moving average is $81.12 and its two-hundred day moving average is $74.41. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. 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 firm has a market capitalization of $18.34 billion, a PE ratio of 66.43, a price-to-earnings-growth ratio of 3.10 and a beta of 1.65.

Trimble (NASDAQ:TRMB) last posted its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company had revenue of $856.50 million for the quarter. Research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

About Trimble

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.