Contravisory Investment Management Inc. lowered its position in shares of Trimble Inc (NASDAQ:TRMB) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,106 shares of the scientific and technical instruments company’s stock after selling 15,510 shares during the period. Trimble makes up approximately 2.1% of Contravisory Investment Management Inc.’s portfolio, making the stock its 17th largest position. Contravisory Investment Management Inc.’s holdings in Trimble were worth $5,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in shares of Trimble by 13.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 357 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Trimble by 17.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after buying an additional 500 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $137,000. Howe & Rusling Inc. acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $139,000. Finally, Advisor Group Inc. increased its holdings in shares of Trimble by 3.7% during the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 90.72% of the company’s stock.

Trimble Inc (NASDAQ:TRMB) traded up $0.17 during trading on Thursday, reaching $44.08. 723,723 shares of the company traded hands, compared to its average volume of 894,200. Trimble Inc has a 12-month low of $28.61 and a 12-month high of $44.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of $11,160.00, a P/E ratio of 58.00, a PEG ratio of 2.63 and a beta of 2.36.

Trimble (NASDAQ:TRMB) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Trimble had a net margin of 7.66% and a return on equity of 12.97%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. research analysts predict that Trimble Inc will post 1.27 earnings per share for the current year.

Trimble declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 15th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

In other Trimble news, Director Ronald S. Nersesian sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.13, for a total value of $2,207,150.00. Following the completion of the transaction, the director now owns 46,820 shares of the company’s stock, valued at approximately $1,878,886.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Darryl R. Matthews sold 1,605 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.95, for a total transaction of $64,119.75. Following the completion of the transaction, the senior vice president now directly owns 6,219 shares of the company’s stock, valued at approximately $248,449.05. The disclosure for this sale can be found here. Insiders sold a total of 320,278 shares of company stock valued at $12,969,243 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

TRMB has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Trimble from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 22nd. Piper Jaffray Companies set a $43.00 price target on shares of Trimble and gave the stock a “buy” rating in a report on Sunday, October 1st. Oppenheimer reiterated a “buy” rating on shares of Trimble in a report on Thursday, October 19th. Wells Fargo & Co lifted their target price on shares of Trimble from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Trimble in a report on Sunday, October 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.60.

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Trimble Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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