Brighton Jones LLC Acquires 5,162 Shares of Trimble Inc. $TRMB

Brighton Jones LLC increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 125.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,268 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,162 shares during the period. Brighton Jones LLC’s holdings in Trimble were worth $704,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Trimble by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock worth $1,988,450,000 after buying an additional 582,124 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Trimble by 26.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock worth $458,113,000 after buying an additional 1,445,851 shares in the last quarter. Invesco Ltd. increased its holdings in Trimble by 9.7% in the 1st quarter. Invesco Ltd. now owns 3,840,550 shares of the scientific and technical instruments company’s stock worth $252,132,000 after buying an additional 339,750 shares in the last quarter. Boston Partners increased its holdings in Trimble by 7.9% in the 1st quarter. Boston Partners now owns 3,644,965 shares of the scientific and technical instruments company’s stock worth $237,884,000 after buying an additional 267,829 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Trimble by 19.8% in the 1st quarter. Northern Trust Corp now owns 3,084,937 shares of the scientific and technical instruments company’s stock worth $202,526,000 after buying an additional 510,509 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Barclays assumed coverage on Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Raymond James Financial reissued an “outperform” rating and issued a $93.00 target price (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average price target of $92.10.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total value of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares in the company, valued at $6,988,471.35. This trade represents a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 224,321 shares of company stock valued at $18,677,518. 0.54% of the stock is owned by company insiders.

Trimble Stock Down 0.8%

NASDAQ TRMB opened at $80.50 on Wednesday. The stock’s 50-day moving average price is $80.31 and its 200-day moving average price is $75.89. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The company has a market capitalization of $19.16 billion, a P/E ratio of 69.40, a price-to-earnings-growth ratio of 3.33 and a beta of 1.65.

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