IFP Advisors Inc Increases Position in Trimble Inc. $TRMB

IFP Advisors Inc lifted its position in Trimble Inc. (NASDAQ:TRMB) by 1,161.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,173 shares during the period. IFP Advisors Inc’s holdings in Trimble were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MAI Capital Management increased its stake in shares of Trimble by 6.6% in the first quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock worth $176,000 after purchasing an additional 165 shares in the last quarter. Horizon Investments LLC grew its stake in Trimble by 5.6% during the first quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock valued at $232,000 after acquiring an additional 188 shares in the last quarter. CW Advisors LLC grew its stake in Trimble by 1.9% during the first quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company’s stock valued at $733,000 after acquiring an additional 207 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Trimble by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company’s stock valued at $1,386,000 after acquiring an additional 210 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in Trimble by 3.0% during the second quarter. V Square Quantitative Management LLC now owns 7,181 shares of the scientific and technical instruments company’s stock valued at $546,000 after acquiring an additional 210 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the sale, the director owned 13,809 shares of the company’s stock, valued at $1,137,999.69. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRMB shares. Barclays started coverage on shares of Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Trimble has an average rating of “Buy” and an average price target of $92.10.

Trimble Price Performance

TRMB stock opened at $77.40 on Monday. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $80.70 and a two-hundred day simple moving average of $74.79. The firm has a market capitalization of $18.42 billion, a P/E ratio of 66.72, a price-to-earnings-growth ratio of 3.18 and a beta of 1.65.

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