Global Thematic Partners LLC lowered its position in Trimble Inc (NASDAQ:TRMB) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 908,633 shares of the scientific and technical instruments company’s stock after selling 6,798 shares during the period. Trimble comprises approximately 1.7% of Global Thematic Partners LLC’s investment portfolio, making the stock its 27th biggest position. Global Thematic Partners LLC owned approximately 0.36% of Trimble worth $36,709,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. JOYN Advisors Inc. raised its position in shares of Trimble by 164.5% in the fourth quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 561 shares during the period. Lake Point Wealth Management acquired a new position in shares of Trimble in the fourth quarter worth about $31,000. Liberty Wealth Management LLC acquired a new position in shares of Trimble in the fourth quarter worth about $36,000. Captrust Financial Advisors raised its position in shares of Trimble by 152.3% in the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock worth $62,000 after acquiring an additional 1,136 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Trimble in the fourth quarter worth about $68,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

TRMB stock traded up $0.46 during mid-day trading on Thursday, reaching $40.70. The company’s stock had a trading volume of 545,308 shares, compared to its average volume of 984,817. The company has a market cap of $10.10 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.07 and a beta of 2.18. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $44.55.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The company had revenue of $792.90 million during the quarter, compared to the consensus estimate of $809.82 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Trimble’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that Trimble Inc will post 1.84 earnings per share for the current year.

In other Trimble news, CEO Steven W. Berglund sold 381,675 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $37.73, for a total value of $14,400,597.75. Following the completion of the transaction, the chief executive officer now owns 574,467 shares of the company’s stock, valued at approximately $21,674,639.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bryn Fosburgh sold 13,573 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $38.82, for a total transaction of $526,903.86. Following the completion of the transaction, the vice president now directly owns 9,562 shares of the company’s stock, valued at approximately $371,196.84. The disclosure for this sale can be found here. Insiders have sold a total of 628,770 shares of company stock valued at $24,117,882 in the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $41.00 to $40.00 in a research report on Thursday, January 10th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.00.

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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; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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