Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its holdings in Trimble Inc. (NASDAQ:TRMBGet Rating) by 48.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,781 shares of the scientific and technical instruments company’s stock after purchasing an additional 911 shares during the quarter. Quadrant Capital Group LLC’s holdings in Trimble were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. Janney Montgomery Scott LLC boosted its holdings in Trimble by 8.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,374 shares of the scientific and technical instruments company’s stock worth $294,000 after purchasing an additional 275 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Trimble during the fourth quarter valued at $1,703,000. Commonwealth Equity Services LLC boosted its holdings in shares of Trimble by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,799 shares of the scientific and technical instruments company’s stock valued at $1,987,000 after acquiring an additional 900 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Trimble during the fourth quarter valued at $3,208,000. Finally, CWM LLC acquired a new position in shares of Trimble during the fourth quarter valued at $67,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $68.10 on Friday. Trimble Inc. has a fifty-two week low of $55.35 and a fifty-two week high of $96.49. The firm’s 50-day simple moving average is $62.57 and its 200 day simple moving average is $66.47. The company has a quick ratio of 0.93, a current ratio of 1.26 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.03 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.30 and a beta of 1.57.

Trimble (NASDAQ:TRMBGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Trimble had a net margin of 12.97% and a return on equity of 15.20%. The business had revenue of $993.70 million for the quarter, compared to analysts’ expectations of $967.25 million. During the same period in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Trimble Inc. will post 2.4 EPS for the current year.

Insider Activity at Trimble

In other Trimble news, Director Thomas W. Sweet purchased 600 shares of the company’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $64.25 per share, for a total transaction of $38,550.00. Following the completion of the transaction, the director now owns 3,682 shares in the company, valued at $236,568.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Trimble news, Director Thomas W. Sweet purchased 1,500 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $93,420.00. Following the completion of the transaction, the director now owns 3,082 shares in the company, valued at $191,946.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas W. Sweet purchased 600 shares of the company’s stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $64.25 per share, for a total transaction of $38,550.00. Following the completion of the transaction, the director now owns 3,682 shares of the company’s stock, valued at approximately $236,568.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,300 shares of company stock worth $144,364 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised shares of Trimble from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $70.00 to $67.00 in a report on Monday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Trimble from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Robert W. Baird reduced their price target on shares of Trimble from $90.00 to $80.00 in a report on Friday, May 6th. Finally, William Blair reissued an “outperform” rating on shares of Trimble in a report on Thursday, May 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.80.

About Trimble

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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 route selection and design; 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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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