Trimble Inc (TRMB) Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Trimble Inc (NASDAQ:TRMB) by 19.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,452 shares of the scientific and technical instruments company’s stock after buying an additional 4,747 shares during the period. Pacer Advisors Inc.’s holdings in Trimble were worth $943,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRMB. Great West Life Assurance Co. Can raised its stake in shares of Trimble by 0.9% in the third quarter. Great West Life Assurance Co. Can now owns 252,530 shares of the scientific and technical instruments company’s stock worth $7,209,000 after buying an additional 2,317 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Trimble by 35.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,832 shares of the scientific and technical instruments company’s stock worth $1,366,000 after buying an additional 12,577 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Trimble by 5.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 768,008 shares of the scientific and technical instruments company’s stock worth $21,934,000 after buying an additional 39,731 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Trimble by 35.7% in the third quarter. DnB Asset Management AS now owns 15,586 shares of the scientific and technical instruments company’s stock worth $445,000 after buying an additional 4,100 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Trimble by 2.1% in the third quarter. Mutual of America Capital Management LLC now owns 189,367 shares of the scientific and technical instruments company’s stock worth $5,408,000 after buying an additional 3,895 shares in the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Trimble Inc (NASDAQ:TRMB) traded up 3.44% during mid-day trading on Friday, hitting $35.53. The company had a trading volume of 1,355,405 shares. Trimble Inc has a 52-week low of $23.55 and a 52-week high of $36.15. The company has a market capitalization of $8.99 billion, a P/E ratio of 55.52 and a beta of 2.23. The company has a 50-day moving average price of $33.30 and a 200 day moving average price of $30.84.

Trimble (NASDAQ:TRMB) last announced its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. Trimble had a net margin of 5.60% and a return on equity of 11.55%. The firm had revenue of $613.90 million for the quarter, compared to analysts’ expectations of $605.32 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Trimble Inc will post $1.40 EPS for the current fiscal year.

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A number of analysts have recently issued reports on TRMB shares. Dougherty & Co lowered shares of Trimble from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Monday, January 30th. Craig Hallum boosted their target price on shares of Trimble from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, February 9th. Needham & Company LLC boosted their target price on shares of Trimble from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Zacks Investment Research lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Finally, Oppenheimer Holdings Inc. boosted their target price on shares of Trimble from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Trimble presently has a consensus rating of “Buy” and a consensus target price of $32.50.

In related news, VP James Veneziano sold 317,948 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $31.34, for a total transaction of $9,964,490.32. Following the completion of the transaction, the vice president now directly owns 83,855 shares in the company, valued at approximately $2,628,015.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James A. Kirkland sold 25,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $35.89, for a total value of $897,250.00. Following the completion of the sale, the vice president now directly owns 45,887 shares in the company, valued at approximately $1,646,884.43. The disclosure for this sale can be found here. Insiders have sold a total of 470,310 shares of company stock valued at $15,334,388 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

About Trimble

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

5 Day Chart for NASDAQ:TRMB

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