Parnassus Investments CA boosted its holdings in Trimble Inc (NASDAQ:TRMB) by 41.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,285,552 shares of the scientific and technical instruments company’s stock after acquiring an additional 964,512 shares during the quarter. Parnassus Investments CA owned 1.31% of Trimble worth $108,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its position in shares of Trimble by 28.7% during the 2nd quarter. FMR LLC now owns 8,494,787 shares of the scientific and technical instruments company’s stock valued at $278,969,000 after acquiring an additional 1,893,300 shares in the last quarter. Raymond James & Associates raised its position in shares of Trimble by 343.4% during the 2nd quarter. Raymond James & Associates now owns 31,713 shares of the scientific and technical instruments company’s stock valued at $1,041,000 after acquiring an additional 24,560 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Trimble by 7.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,125 shares of the scientific and technical instruments company’s stock valued at $858,000 after acquiring an additional 1,741 shares in the last quarter. DNB Asset Management AS raised its position in shares of Trimble by 21.1% during the 3rd quarter. DNB Asset Management AS now owns 33,886 shares of the scientific and technical instruments company’s stock valued at $1,473,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Trimble by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 19,782 shares of the scientific and technical instruments company’s stock valued at $860,000 after acquiring an additional 3,020 shares in the last quarter. 92.22% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Darryl R. Matthews sold 2,400 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 13,841 shares of the company’s stock, valued at $515,023.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Kirkland sold 14,292 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $39.37, for a total value of $562,676.04. Following the transaction, the insider now directly owns 51,436 shares of the company’s stock, valued at approximately $2,025,035.32. The disclosure for this sale can be found here. In the last three months, insiders sold 18,492 shares of company stock valued at $715,754. Company insiders own 0.36% of the company’s stock.

TRMB has been the subject of a number of recent research reports. Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. BidaskClub downgraded Trimble from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lowered their price objective 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 assigned a hold rating and five have assigned a buy rating to the company’s stock. Trimble has an average rating of “Hold” and an average target price of $41.00.

Shares of TRMB opened at $38.98 on Tuesday. The firm has a market cap of $9.70 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.97 and a beta of 2.23. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. Trimble Inc has a 12 month low of $29.75 and a 12 month high of $44.55.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $792.90 million during the quarter, compared to the consensus estimate of $809.82 million. Trimble had a return on equity of 16.48% and a net margin of 9.10%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, equities analysts forecast that Trimble Inc will post 1.85 earnings per share for the current fiscal year.

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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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