BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Trimble Inc (NASDAQ:TRMB) by 10.5% during the fourth quarter, HoldingsChannel reports. The firm owned 84,700 shares of the scientific and technical instruments company’s stock after buying an additional 8,076 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Trimble were worth $2,787,000 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. Bank of New York Mellon Corp raised its holdings in shares of Trimble by 24,279.4% during the third quarter. Bank of New York Mellon Corp now owns 3,787,337 shares of the scientific and technical instruments company’s stock worth $164,597,000 after acquiring an additional 3,771,802 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Trimble by 3,229.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,272,537 shares of the scientific and technical instruments company’s stock worth $99,000 after acquiring an additional 3,174,232 shares during the period. Capital International Investors raised its holdings in shares of Trimble by 38.2% during the third quarter. Capital International Investors now owns 11,285,352 shares of the scientific and technical instruments company’s stock worth $490,461,000 after acquiring an additional 3,121,423 shares during the period. Select Equity Group L.P. raised its holdings in shares of Trimble by 95.0% during the third quarter. Select Equity Group L.P. now owns 3,645,708 shares of the scientific and technical instruments company’s stock worth $158,442,000 after acquiring an additional 1,776,477 shares during the period. Finally, Capital World Investors acquired a new stake in shares of Trimble during the third quarter worth $65,199,000. 90.56% of the stock is currently owned by institutional investors.

In other news, CEO Steven W. Berglund sold 381,675 shares of Trimble stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $37.73, for a total value of $14,400,597.75. Following the completion of the transaction, the chief executive officer now owns 574,467 shares of the company’s stock, valued at approximately $21,674,639.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bryn Fosburgh sold 13,573 shares of Trimble stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $38.82, for a total transaction of $526,903.86. Following the completion of the transaction, the vice president now directly owns 9,562 shares of the company’s stock, valued at approximately $371,196.84. The disclosure for this sale can be found here. Insiders sold a total of 625,336 shares of company stock worth $23,979,921 over the last quarter. Company insiders own 0.36% of the company’s stock.

TRMB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, December 10th. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.00.

Shares of TRMB stock opened at $39.76 on Friday. 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 Inc has a 1 year low of $29.75 and a 1 year high of $44.55. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.02 and a beta of 2.18.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $809.82 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Research analysts expect that Trimble Inc will post 1.84 EPS for the current year.

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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; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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