TD Asset Management Inc Sells 4,454 Shares of Trimble Inc. $TRMB

TD Asset Management Inc lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,895 shares of the scientific and technical instruments company’s stock after selling 4,454 shares during the period. TD Asset Management Inc’s holdings in Trimble were worth $8,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TRMB. Nuveen LLC bought a new position in Trimble in the first quarter valued at $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Trimble by 26.1% in the 1st 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 acquiring an additional 1,445,851 shares during the period. Vanguard Group Inc. grew its position in shares of Trimble by 2.0% in the 1st 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 acquiring an additional 582,124 shares during the period. Raymond James Financial Inc. grew its position in shares of Trimble by 296.5% in the 1st quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock valued at $48,680,000 after acquiring an additional 554,514 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of Trimble by 85.0% in 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 acquiring an additional 511,200 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president owned 406 shares in the company, valued at $33,186.44. The trade was a 94.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $75.65, for a total transaction 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 trade represents a 7.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,321 shares of company stock worth $18,677,518 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Trimble Stock Performance

NASDAQ TRMB opened at $77.40 on Monday. The firm has a 50-day moving average of $80.70 and a 200-day moving average of $74.79. 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 $18.42 billion, a PE ratio of 66.72, a P/E/G ratio of 3.18 and a beta of 1.65. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50.

Trimble (NASDAQ:TRMB) last posted its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) 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, sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. 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 report on Thursday, August 7th. Barclays started coverage on shares of Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Trimble has a consensus rating of “Buy” and an average price target 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.