Nisa Investment Advisors LLC Sells 13,456 Shares of Trimble Inc. $TRMB

Nisa Investment Advisors LLC decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 21.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 48,217 shares of the scientific and technical instruments company’s stock after selling 13,456 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Trimble were worth $3,664,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TRMB. Nuveen LLC bought a new position in Trimble in the first quarter worth approximately $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Trimble by 26.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock worth $458,113,000 after buying an additional 1,445,851 shares in the last quarter. Vanguard Group Inc. raised its stake in Trimble by 2.0% in the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock worth $1,988,450,000 after buying an additional 582,124 shares in the last quarter. Raymond James Financial Inc. raised its stake in Trimble by 296.5% in the first quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock worth $48,680,000 after buying an additional 554,514 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in Trimble by 85.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock worth $73,024,000 after buying an additional 511,200 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Activity

In other news, VP Christopher F. Keating sold 7,365 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares in the company, valued at $6,988,471.35. This trade represents a 7.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 224,321 shares of company stock valued at $18,677,518 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Trimble Price Performance

Shares of TRMB opened at $79.39 on Thursday. The firm has a market capitalization of $18.89 billion, a PE ratio of 68.44, a price-to-earnings-growth ratio of 3.30 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The company’s fifty day moving average price is $80.30 and its 200-day moving average price is $76.04.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The firm had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. On average, equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on TRMB. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Oppenheimer upped their price target on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Barclays assumed coverage on Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target on the stock. Berenberg Bank set a $95.00 price target on Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $92.10.

About Trimble

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.