Elo Mutual Pension Insurance Co Grows Stake in Trimble Inc. $TRMB

Elo Mutual Pension Insurance Co grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 42.0% during the second quarter, HoldingsChannel reports. The firm owned 33,906 shares of the scientific and technical instruments company’s stock after buying an additional 10,035 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Trimble were worth $2,576,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Trimble during the 2nd quarter worth approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Trimble during the second quarter valued at approximately $48,000. Flaharty Asset Management LLC purchased a new stake in shares of Trimble during the first quarter valued at approximately $45,000. Steph & Co. lifted its position in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP boosted its stake in shares of Trimble by 605.0% in the second quarter. Evelyn Partners Investment Management LLP now owns 705 shares of the scientific and technical instruments company’s stock valued at $49,000 after purchasing an additional 605 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 0.5%

Shares of Trimble stock opened at $81.27 on Thursday. The business has a 50-day moving average price of $79.39 and a 200 day moving average price of $78.40. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm has a market cap of $19.34 billion, a P/E ratio of 70.06, a P/E/G ratio of 3.26 and a beta of 1.66. 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 (NASDAQ:TRMB) last released its earnings results 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 company had revenue of $856.50 million for the quarter. On average, sell-side analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the transaction, the director owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction 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 in the company, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,083 shares of company stock valued at $1,904,798 over the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRMB has been the topic of several analyst reports. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Berenberg Bank set a $95.00 price target on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Oppenheimer restated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research note on Thursday, November 6th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $94.18.

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.