Trimble Inc. $TRMB Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 57.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,544 shares of the scientific and technical instruments company’s stock after selling 8,796 shares during the period. New England Research & Management Inc.’s holdings in Trimble were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TRMB. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the second quarter worth $34,000. Geneos Wealth Management Inc. grew its stake in Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in Trimble by 5,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 589 shares of the scientific and technical instruments company’s stock valued at $45,000 after acquiring an additional 579 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Trimble in the second quarter valued at approximately $48,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Trimble during the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 0.1%

NASDAQ TRMB opened at $80.17 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The firm’s fifty day simple moving average is $79.58 and its 200-day simple moving average is $79.42. The company has a market capitalization of $19.07 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 3.14 and a beta of 1.60.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The firm had revenue of $856.50 million for the quarter. As a group, sell-side analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble declared that its board has approved a share buyback plan on Friday, December 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total transaction of $139,158.00. Following the transaction, the director owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $81.39, for a total transaction of $610,425.00. Following the completion of the sale, the chief executive officer owned 41,897 shares of the company’s stock, valued at $3,409,996.83. This trade represents a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,199 shares of company stock worth $2,565,729. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Trimble in a report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price target for the company. KeyCorp raised shares of Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price target on the stock in a research note on Monday. Oppenheimer reissued an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research note on Thursday, November 6th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Trimble currently has an average rating of “Buy” and an average target price of $96.67.

Trimble 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 project design and visualization; 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.