BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Holdings in Trimble Inc. $TRMB

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 25.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,621 shares of the scientific and technical instruments company’s stock after buying an additional 77,948 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.16% of Trimble worth $29,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in shares of Trimble by 30.1% in 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 in the last quarter. CX Institutional increased its position in shares of Trimble by 11.7% during the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock valued at $536,000 after purchasing an additional 739 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Trimble by 6.0% in 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 in the last quarter. Sivia Capital Partners LLC bought a new position in Trimble in the second quarter worth approximately $208,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Trimble by 57.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company’s stock worth $1,590,000 after purchasing an additional 7,660 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

TRMB stock opened at $78.60 on Wednesday. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 67.76, a PEG ratio of 3.26 and a beta of 1.66. The firm has a 50-day simple moving average of $80.12 and a two-hundred day simple moving average of $76.74. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94.

Trimble (NASDAQ:TRMB) last announced its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The company 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%. On average, equities analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total transaction of $602,015.10. Following the transaction, the vice president owned 406 shares in the company, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the transaction, the chief executive officer owned 92,379 shares in the company, valued at $6,988,471.35. The trade was a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,321 shares of company stock worth $18,677,518 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays assumed coverage on Trimble in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial reissued an “outperform” rating and issued a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Finally, Berenberg Bank set a $95.00 price objective 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 given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Trimble presently has a consensus 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.