Trimble Inc. (NASDAQ:TRMB) Shares Sold by Sepio Capital LP

Sepio Capital LP trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,152 shares of the scientific and technical instruments company’s stock after selling 835 shares during the quarter. Sepio Capital LP’s holdings in Trimble were worth $1,072,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TRMB. Norges Bank purchased a new stake in shares of Trimble during the fourth quarter worth approximately $132,319,000. Morgan Stanley grew its holdings in Trimble by 10.0% in the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after buying an additional 694,842 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Trimble by 13.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock valued at $276,080,000 after buying an additional 603,020 shares in the last quarter. Wellington Management Group LLP grew its holdings in Trimble by 2,399.7% in the 3rd quarter. Wellington Management Group LLP now owns 425,330 shares of the scientific and technical instruments company’s stock valued at $22,908,000 after buying an additional 408,315 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Trimble by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,466,786 shares of the scientific and technical instruments company’s stock valued at $78,041,000 after buying an additional 263,982 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRMB has been the subject of several analyst reports. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Raymond James reissued an “outperform” rating and set a $65.00 target price on shares of Trimble in a research note on Wednesday, May 15th. Robert W. Baird increased their target price on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.67.

Trimble Stock Down 0.1 %

TRMB stock traded down $0.07 during mid-day trading on Friday, reaching $56.80. The company had a trading volume of 671,234 shares, compared to its average volume of 1,481,006. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 59.17, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. The firm has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $54.96. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $953.30 million for the quarter, compared to analyst estimates of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. Analysts forecast that Trimble Inc. will post 2.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. Insiders have sold 9,093 shares of company stock valued at $564,872 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

Trimble Company 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.