Mufg Securities Americas Inc. Boosts Stock Position in Trimble Inc. $TRMB

Mufg Securities Americas Inc. raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 21.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,288 shares of the scientific and technical instruments company’s stock after buying an additional 937 shares during the period. Mufg Securities Americas Inc.’s holdings in Trimble were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Evelyn Partners Investment Management LLP lifted its stake in Trimble by 605.0% during the second quarter. Evelyn Partners Investment Management LLP now owns 705 shares of the scientific and technical instruments company’s stock worth $49,000 after purchasing an additional 605 shares during the last quarter. AXQ Capital LP acquired a new stake in Trimble during the second quarter worth approximately $233,000. Franklin Resources Inc. lifted its position in shares of Trimble by 14.4% during the 2nd quarter. Franklin Resources Inc. now owns 219,261 shares of the scientific and technical instruments company’s stock worth $16,659,000 after buying an additional 27,600 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Trimble in the 2nd quarter valued at $6,607,000. Finally, Legal & General Group Plc grew its position in shares of Trimble by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 2,215,602 shares of the scientific and technical instruments company’s stock valued at $168,341,000 after buying an additional 186,271 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the business’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 transaction, the vice president owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $79.50, for a total value of $596,250.00. Following the transaction, the chief executive officer directly owned 84,879 shares of the company’s stock, valued at approximately $6,747,880.50. This trade represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 24,692 shares of company stock valued at $1,954,986. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRMB shares. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. 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. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 price target on shares of Trimble in a research report on Thursday, November 6th. Finally, Barclays began coverage on Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Trimble has an average rating of “Buy” and an average target price of $94.18.

Trimble Trading Up 2.6%

NASDAQ:TRMB opened at $79.06 on Tuesday. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $79.36 and its 200-day simple moving average is $78.29. The firm has a market cap of $18.81 billion, a P/E ratio of 68.16, a PEG ratio of 3.26 and a beta of 1.66.

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 firm had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Equities analysts anticipate that Trimble Inc. will post 2.37 EPS for the current 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.