Earned Wealth Advisors LLC Decreases Stock Position in Trimble Inc. $TRMB

Earned Wealth Advisors LLC lowered its stake in Trimble Inc. (NASDAQ:TRMB) by 37.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,437 shares of the scientific and technical instruments company’s stock after selling 2,048 shares during the period. Earned Wealth Advisors LLC’s holdings in Trimble were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRMB. Brighton Jones LLC purchased a new position in shares of Trimble in the fourth quarter worth about $211,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Trimble by 10.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock worth $2,793,000 after buying an additional 4,185 shares during the period. Amalgamated Bank increased its holdings in shares of Trimble by 1.6% in the first quarter. Amalgamated Bank now owns 47,664 shares of the scientific and technical instruments company’s stock worth $3,129,000 after buying an additional 762 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Trimble by 4.5% in the first quarter. New York State Teachers Retirement System now owns 198,955 shares of the scientific and technical instruments company’s stock worth $13,061,000 after buying an additional 8,553 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Trimble by 271.1% in the first quarter. Mather Group LLC. now owns 2,746 shares of the scientific and technical instruments company’s stock worth $180,000 after buying an additional 2,006 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Trimble stock opened at $79.75 on Friday. The stock’s 50 day simple moving average is $80.21 and its two-hundred day simple moving average is $76.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 68.75, a PEG ratio of 3.26 and a beta of 1.65. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

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

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president directly owned 406 shares of the company’s stock, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 224,321 shares of company stock valued at $18,677,518. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TRMB has been the topic of several analyst reports. Barclays began coverage on Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Oppenheimer raised their target price on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. 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 note on Friday, September 19th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Two investment 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’s stock. According to MarketBeat.com, Trimble presently has an average rating of “Buy” and an average target price of $92.10.

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.