JPMorgan Chase & Co. trimmed its position in Trimble Inc (NASDAQ:TRMB) by 31.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397,167 shares of the scientific and technical instruments company’s stock after selling 186,363 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Trimble worth $17,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Trimble by 215.3% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock worth $104,000 after buying an additional 1,636 shares during the last quarter. Commerce Bank bought a new stake in shares of Trimble during the third quarter worth $211,000. Redpoint Investment Management Pty Ltd bought a new stake in shares of Trimble during the third quarter worth $241,000. Private Advisor Group LLC bought a new stake in shares of Trimble during the third quarter worth $252,000. Finally, Advisory Research Inc. bought a new stake in shares of Trimble during the third quarter worth $342,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TRMB opened at $38.61 on Tuesday. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.97 and a beta of 2.23. Trimble Inc has a fifty-two week low of $29.75 and a fifty-two week high of $44.55. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The firm had revenue of $792.90 million for the quarter, compared to analysts’ expectations of $809.82 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Trimble Inc will post 1.85 earnings per share for the current year.

In related news, CFO Robert G. Painter sold 1,800 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $35.43, for a total value of $63,774.00. Following the sale, the chief financial officer now owns 22,114 shares of the company’s stock, valued at $783,499.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Darryl R. Matthews sold 2,400 shares of the business’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $37.21, for a total transaction of $89,304.00. Following the completion of the sale, the senior vice president now directly owns 13,841 shares in the company, valued at approximately $515,023.61. The disclosure for this sale can be found here. In the last three months, insiders sold 18,492 shares of company stock worth $715,754. 0.36% of the stock is currently owned by insiders.

A number of analysts have weighed in on TRMB shares. Zacks Investment Research cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. BidaskClub cut shares of Trimble from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $41.00 to $40.00 in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

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Trimble Company 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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