TD Asset Management Inc Boosts Stake in Trimble Inc. (NASDAQ:TRMB)

TD Asset Management Inc raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 10.5% in the second quarter, Holdings Channel.com reports. The fund owned 136,161 shares of the scientific and technical instruments company’s stock after buying an additional 12,917 shares during the quarter. TD Asset Management Inc’s holdings in Trimble were worth $7,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC lifted its stake in shares of Trimble by 6.8% during the second quarter. Intech Investment Management LLC now owns 185,989 shares of the scientific and technical instruments company’s stock worth $9,846,000 after purchasing an additional 11,765 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Trimble by 3.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,208 shares of the scientific and technical instruments company’s stock worth $2,287,000 after purchasing an additional 1,399 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Trimble by 6.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 208,180 shares of the scientific and technical instruments company’s stock worth $11,021,000 after purchasing an additional 12,972 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Trimble by 1.2% during the second quarter. Rhumbline Advisers now owns 494,422 shares of the scientific and technical instruments company’s stock worth $26,175,000 after purchasing an additional 5,900 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Trimble by 4.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 271,305 shares of the scientific and technical instruments company’s stock worth $14,363,000 after purchasing an additional 11,440 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $50.34, for a total transaction of $125,850.00. Following the sale, the chief executive officer now directly owns 209,856 shares of the company’s stock, valued at approximately $10,564,151.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $50.34, for a total transaction of $125,850.00. Following the sale, the chief executive officer now directly owns 209,856 shares of the company’s stock, valued at approximately $10,564,151.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ronald Bisio sold 3,800 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $43.24, for a total transaction of $164,312.00. Following the sale, the vice president now directly owns 72,328 shares in the company, valued at $3,127,462.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,664 shares of company stock valued at $707,889 in the last three months. 0.61% of the stock is currently owned by company insiders.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $43.93 on Tuesday. Trimble Inc. has a one year low of $39.57 and a one year high of $62.01. The stock has a fifty day moving average of $48.11 and a 200-day moving average of $50.41. The company has a market capitalization of $10.93 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.01 and a beta of 1.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.07 and a current ratio of 1.26.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group cut their price target on Trimble from $66.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. JPMorgan Chase & Co. cut their price target on Trimble from $56.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Piper Sandler cut their price target on Trimble from $51.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Raymond James upgraded Trimble from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Friday, September 29th. Finally, StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.86.

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's Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.