Laurion Capital Management LP decreased its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 95.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the scientific and technical instruments company’s stock after selling 126,911 shares during the quarter. Laurion Capital Management LP’s holdings in Trimble were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TRMB. Wells Fargo & Company MN increased its stake in shares of Trimble by 17.6% during the first quarter. Wells Fargo & Company MN now owns 257,284 shares of the scientific and technical instruments company’s stock valued at $9,231,000 after buying an additional 38,472 shares during the period. Aperio Group LLC increased its stake in shares of Trimble by 10.6% during the first quarter. Aperio Group LLC now owns 77,323 shares of the scientific and technical instruments company’s stock valued at $2,774,000 after buying an additional 7,400 shares during the period. BlackRock Inc. increased its stake in shares of Trimble by 2.1% during the first quarter. BlackRock Inc. now owns 23,676,414 shares of the scientific and technical instruments company’s stock valued at $849,510,000 after buying an additional 480,525 shares during the period. Toronto Dominion Bank increased its stake in shares of Trimble by 15.5% during the first quarter. Toronto Dominion Bank now owns 17,234 shares of the scientific and technical instruments company’s stock valued at $618,000 after buying an additional 2,314 shares during the period. Finally, Brinker Capital Inc. increased its stake in shares of Trimble by 13.7% during the first quarter. Brinker Capital Inc. now owns 23,795 shares of the scientific and technical instruments company’s stock valued at $854,000 after buying an additional 2,865 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Several equities analysts have recently issued reports on TRMB shares. ValuEngine raised Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. BidaskClub raised Trimble from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 29th. Goldman Sachs Group cut Trimble from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Finally, Edward Jones raised Trimble from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Trimble currently has an average rating of “Buy” and an average target price of $42.14.

In related news, VP Bryn Fosburgh sold 38,195 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert G. Painter sold 750 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $39.11, for a total value of $29,332.50. Following the completion of the sale, the chief financial officer now directly owns 13,138 shares in the company, valued at $513,827.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,251 shares of company stock worth $4,504,418. 1.40% of the stock is owned by insiders.

Shares of TRMB stock opened at $43.64 on Monday. The firm has a market capitalization of $10.91 billion, a P/E ratio of 34.09, a PEG ratio of 2.60 and a beta of 2.47. Trimble Inc has a twelve month low of $32.01 and a twelve month high of $45.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share 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 analysts’ expectations of $776.31 million. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. equities analysts anticipate that Trimble Inc will post 1.62 earnings per share for the current fiscal year.

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 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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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