Argent Capital Management LLC acquired a new position in Trimble Inc (NASDAQ:TRMB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 978,548 shares of the scientific and technical instruments company’s stock, valued at approximately $39,533,000. Trimble makes up about 1.4% of Argent Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Trimble by 1.9% during the 4th quarter. BlackRock Inc. now owns 26,381,357 shares of the scientific and technical instruments company’s stock valued at $868,208,000 after purchasing an additional 489,499 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Trimble by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 21,976,491 shares of the scientific and technical instruments company’s stock valued at $955,098,000 after buying an additional 74,221 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Trimble by 0.8% during the 4th quarter. Impax Asset Management Group plc now owns 5,559,309 shares of the scientific and technical instruments company’s stock valued at $182,957,000 after buying an additional 46,661 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Trimble by 6.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 4,975,528 shares of the scientific and technical instruments company’s stock valued at $201,011,000 after buying an additional 288,459 shares during the last quarter. Finally, Parnassus Investments CA raised its stake in shares of Trimble by 41.6% during the 4th quarter. Parnassus Investments CA now owns 3,285,552 shares of the scientific and technical instruments company’s stock valued at $108,128,000 after buying an additional 964,512 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.

In other news, insider James A. Kirkland sold 5,430 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $41.10, for a total transaction of $223,173.00. Following the sale, the insider now directly owns 39,939 shares in the company, valued at approximately $1,641,492.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaigham Gabriel sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $41.03, for a total value of $143,605.00. Following the sale, the director now owns 8,862 shares in the company, valued at $363,607.86. The disclosure for this sale can be found here. Insiders have sold a total of 133,884 shares of company stock worth $5,590,443 over the last 90 days. Insiders own 0.39% of the company’s stock.

NASDAQ:TRMB opened at $39.90 on Monday. Trimble Inc has a 52 week low of $29.75 and a 52 week high of $44.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. The stock has a market cap of $10.13 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.08 and a beta of 2.15.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. Trimble had a return on equity of 16.15% and a net margin of 9.05%. The firm had revenue of $804.50 million for the quarter, compared to analysts’ expectations of $808.58 million. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that Trimble Inc will post 1.85 EPS for the current fiscal year.

A number of research firms have weighed in on TRMB. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, April 11th. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, ValuEngine lowered Trimble from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Trimble currently has an average rating of “Buy” and an average price target of $44.33.

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About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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