Voya Investment Management LLC lifted its position in shares of Trimble Inc (NASDAQ:TRMB) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,796 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,054 shares during the period. Voya Investment Management LLC owned about 0.10% of Trimble worth $8,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Whittier Trust Co. acquired a new stake in Trimble in the second quarter valued at $102,000. Psagot Investment House Ltd. acquired a new stake in Trimble in the second quarter valued at $118,000. Korea Investment CORP acquired a new stake in Trimble in the second quarter valued at $131,000. Summit Trail Advisors LLC raised its holdings in Trimble by 2,852.1% in the first quarter. Summit Trail Advisors LLC now owns 152,387 shares of the scientific and technical instruments company’s stock valued at $152,000 after acquiring an additional 147,225 shares in the last quarter. Finally, TLP Group LLC raised its holdings in Trimble by 22,096.2% in the first quarter. TLP Group LLC now owns 5,771 shares of the scientific and technical instruments company’s stock valued at $207,000 after acquiring an additional 5,745 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

TRMB stock opened at $43.64 on Friday. 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 1-year low of $32.01 and a 1-year high of $45.70. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 2.61 and a beta of 2.47.

Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The firm had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities research analysts predict that Trimble Inc will post 1.62 earnings per share for the current fiscal year.

In other Trimble news, CFO Robert G. Painter sold 1,500 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $34.33, for a total transaction of $51,495.00. Following the completion of the sale, the chief financial officer now owns 13,888 shares in the company, valued at $476,775.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sachin Sankpal sold 3,151 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total transaction of $135,556.02. Following the sale, the senior vice president now owns 17,997 shares of the company’s stock, valued at approximately $774,230.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,251 shares of company stock valued at $4,504,418. 1.40% of the stock is owned by insiders.

Several research firms recently issued reports on TRMB. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, July 12th. ValuEngine raised shares of Trimble from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub raised shares of Trimble from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th. Goldman Sachs Group cut shares of Trimble from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, June 6th. Finally, Edward Jones raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.14.

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; 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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