Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Trimble Inc. $TRMB

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 196.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 398,937 shares of the scientific and technical instruments company’s stock after purchasing an additional 264,211 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Trimble worth $30,311,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Trimble by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 469,884 shares of the scientific and technical instruments company’s stock valued at $35,702,000 after buying an additional 40,063 shares during the period. Parkside Financial Bank & Trust increased its position in Trimble by 18.4% during the second quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 141 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Trimble during the second quarter worth approximately $462,000. AE Wealth Management LLC boosted its holdings in shares of Trimble by 6.1% in the 2nd quarter. AE Wealth Management LLC now owns 12,430 shares of the scientific and technical instruments company’s stock valued at $944,000 after purchasing an additional 715 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Trimble by 20.8% during the 2nd quarter. Penserra Capital Management LLC now owns 46,472 shares of the scientific and technical instruments company’s stock valued at $3,530,000 after buying an additional 8,006 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 0.1%

NASDAQ:TRMB opened at $78.90 on Monday. 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 company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 68.02, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The stock has a 50-day simple moving average of $79.98 and a 200 day simple moving average of $77.19.

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. Sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TRMB. Raymond James Financial restated an “outperform” rating and set a $93.00 price objective (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Barclays began coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $94.20.

Insider Buying and Selling at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were 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 represents a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the completion of the transaction, the vice president directly owned 406 shares in the company, valued at $33,186.44. This represents a 94.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,474 shares of company stock worth $1,219,578 over the last 90 days. Insiders own 0.54% of the company’s stock.

Trimble 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.