31,722 Shares in Trimble Inc (TRMB) Acquired by State Farm Mutual Automobile Insurance Co.

31,722 Shares in Trimble Inc (TRMB) Acquired by State Farm Mutual Automobile Insurance Co.

A number of other institutional investors have also modified their holdings of the company. Atlanta Capital Management Co. L L C increased its stake in Trimble by 217.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,277,587 shares of the scientific and technical instruments company’s stock worth $128,969,000 after buying an additional 2,928,989 shares in the last quarter. Norges Bank purchased a new stake in Trimble during the fourth quarter worth about $65,522,000. FMR LLC increased its stake in Trimble by 15.3% in the fourth quarter. FMR LLC now owns 15,547,369 shares of the scientific and technical instruments company’s stock worth $468,753,000 after buying an additional 2,060,824 shares in the last quarter. Capital International Investors increased its stake in Trimble by 771.0% in the third quarter. Capital International Investors now owns 1,976,313 shares of the scientific and technical instruments company’s stock worth $56,443,000 after buying an additional 1,749,413 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in Trimble by 6,999.0% in the fourth quarter. Fiera Capital Corp now owns 1,147,343 shares of the scientific and technical instruments company’s stock worth $34,592,000 after buying an additional 1,131,181 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

State Farm Mutual Automobile Insurance Co. bought a new position in Trimble Inc (NASDAQ:TRMB) during the first quarter, Holdings Channel reports. The firm bought 31,722 shares of the scientific and technical instruments company’s stock, valued at approximately $1,015,000.

Shares of Trimble Inc (NASDAQ:TRMB) traded up 0.28% on Tuesday, hitting $35.86. The company had a trading volume of 405,944 shares. The stock’s 50-day moving average is $33.84 and its 200 day moving average is $31.15. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 56.03 and a beta of 2.23. Trimble Inc has a 52 week low of $23.65 and a 52 week high of $36.15.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. The company had revenue of $613.90 million for the quarter, compared to analysts’ expectations of $605.32 million. Trimble had a net margin of 5.60% and a return on equity of 11.55%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. Equities analysts expect that Trimble Inc will post $1.40 EPS for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday. Dougherty & Co downgraded Trimble from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Monday, January 30th. Oppenheimer Holdings Inc. boosted their price target on Trimble from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Needham & Company LLC boosted their price target on Trimble from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Craig Hallum boosted their price target on Trimble from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.50.

In related news, CFO Robert G. Painter sold 3,000 shares of Trimble stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $35.87, for a total transaction of $107,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Julie A. Shepard sold 3,826 shares of Trimble stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $31.72, for a total value of $121,360.72. Following the transaction, the vice president now owns 24,940 shares of the company’s stock, valued at $791,096.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,988 shares of company stock valued at $7,327,758. 1.90% of the stock is owned by company insiders.

Trimble Company Profile

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TRMB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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