Trimble Inc. $TRMB Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 21.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,593 shares of the scientific and technical instruments company’s stock after buying an additional 798 shares during the period. First Eagle Investment Management LLC’s holdings in Trimble were worth $349,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of Trimble in the 1st quarter valued at about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Trimble by 26.1% in the first 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 valued at $458,113,000 after purchasing an additional 1,445,851 shares during the period. Vanguard Group Inc. increased its position in shares of Trimble by 2.0% in the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after buying an additional 582,124 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Trimble by 296.5% during the 1st quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock worth $48,680,000 after buying an additional 554,514 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Trimble by 85.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock valued at $73,024,000 after buying an additional 511,200 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRMB shares. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial reissued an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Barclays initiated coverage on Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $94.20.

Insider Activity at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the 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 completion of the sale, the chief executive officer owned 92,379 shares of the company’s stock, valued at $6,988,471.35. This represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the firm’s 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 owned 406 shares of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,474 shares of company stock valued at $1,219,578. 0.54% of the stock is owned by company insiders.

Trimble Stock Performance

Shares of Trimble stock opened at $78.90 on Monday. The business’s 50 day moving average price is $79.98 and its 200 day moving average price is $77.19. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 68.02, a PEG ratio of 3.26 and a beta of 1.66. 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 Inc. has a one year low of $52.91 and a one year high of $87.50.

Trimble (NASDAQ:TRMB) last issued 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 during the quarter. On average, research analysts predict that Trimble Inc. will post 2.37 EPS 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.