Millennium Management LLC raised its position in Trimble Inc (NASDAQ:TRMB) by 47.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 650,744 shares of the scientific and technical instruments company’s stock after purchasing an additional 208,488 shares during the period. Millennium Management LLC owned 0.26% of Trimble worth $21,370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Trimble by 17.6% in the 1st 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 acquiring an additional 38,472 shares in the last quarter. Aperio Group LLC increased its stake in shares of Trimble by 10.6% in the 1st quarter. Aperio Group LLC now owns 77,323 shares of the scientific and technical instruments company’s stock valued at $2,774,000 after acquiring an additional 7,400 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Trimble by 15.5% in the 1st quarter. Toronto Dominion Bank now owns 17,234 shares of the scientific and technical instruments company’s stock valued at $618,000 after acquiring an additional 2,314 shares in the last quarter. Brinker Capital Inc. increased its stake in shares of Trimble by 13.7% in the 1st quarter. Brinker Capital Inc. now owns 23,795 shares of the scientific and technical instruments company’s stock valued at $854,000 after acquiring an additional 2,865 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Trimble by 60.3% in the 1st quarter. Citigroup Inc. now owns 31,296 shares of the scientific and technical instruments company’s stock valued at $1,123,000 after acquiring an additional 11,769 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Shares of TRMB stock opened at $43.25 on Friday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.54 and a beta of 2.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.93 and a quick ratio of 1.54. Trimble Inc has a 12 month low of $32.01 and a 12 month high of $45.70.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. The business had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. Trimble’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. analysts forecast that Trimble Inc will post 1.62 EPS for the current year.

Several research firms have recently weighed in on TRMB. ValuEngine lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, July 12th. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, Goldman Sachs Group lowered shares of Trimble from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued 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 other Trimble news, VP Bryn Fosburgh sold 38,195 shares of Trimble stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $40.21, for a total transaction of $1,535,820.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Sachin Sankpal sold 3,151 shares of Trimble stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.02, for a total transaction of $135,556.02. Following the transaction, the senior vice president now directly owns 17,997 shares in the company, valued at $774,230.94. The disclosure for this sale can be found here. Insiders have sold a total of 111,251 shares of company stock valued at $4,504,418 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

About Trimble

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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