Baird Financial Group Inc. lowered its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,158,918 shares of the scientific and technical instruments company’s stock after selling 15,189 shares during the quarter. Baird Financial Group Inc.’s holdings in Trimble were worth $38,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Trimble by 4.9% in the 2nd quarter. BlackRock Inc. now owns 24,840,805 shares of the scientific and technical instruments company’s stock worth $815,770,000 after acquiring an additional 1,164,391 shares during the last quarter. FMR LLC lifted its holdings in shares of Trimble by 28.7% in the 2nd quarter. FMR LLC now owns 8,494,787 shares of the scientific and technical instruments company’s stock worth $278,969,000 after acquiring an additional 1,893,300 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Trimble by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,557,677 shares of the scientific and technical instruments company’s stock worth $182,514,000 after acquiring an additional 207,766 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Trimble by 4.5% in the 1st quarter. King Luther Capital Management Corp now owns 3,792,306 shares of the scientific and technical instruments company’s stock worth $136,068,000 after acquiring an additional 163,875 shares during the last quarter. Finally, Saturna Capital CORP lifted its holdings in shares of Trimble by 1.3% in the 2nd quarter. Saturna Capital CORP now owns 1,554,905 shares of the scientific and technical instruments company’s stock worth $51,063,000 after acquiring an additional 20,200 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

TRMB stock opened at $42.19 on Wednesday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.51 and a beta of 2.47. Trimble Inc has a 12 month low of $32.01 and a 12 month high of $45.70. The company has a current ratio of 1.93, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The company had revenue of $785.50 million for the quarter, compared to the consensus estimate of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. equities research analysts expect that Trimble Inc will post 1.62 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Trimble from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine raised shares of Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Goldman Sachs Group downgraded shares of Trimble from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Finally, Edward Jones raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.38.

In other Trimble news, CFO Robert G. Painter sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $34.33, for a total transaction of $51,495.00. Following the transaction, the chief financial officer now owns 13,888 shares of the company’s stock, valued at approximately $476,775.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Merit E. Janow sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $41.48, for a total transaction of $1,244,400.00. Following the transaction, the director now directly owns 60,356 shares in the company, valued at approximately $2,503,566.88. The disclosure for this sale can be found here. Insiders sold a total of 106,267 shares of company stock worth $4,290,978 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Trimble Profile

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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

See Also: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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