Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,000 Shares of Trimble Inc. $TRMB

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,780 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trimble were worth $3,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Balboa Wealth Partners lifted its holdings in shares of Trimble by 4.7% during the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after acquiring an additional 144 shares during the period. MAI Capital Management raised its holdings in shares of Trimble by 6.6% in the first quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock valued at $176,000 after buying an additional 165 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Trimble by 5.6% in the first quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock valued at $232,000 after buying an additional 188 shares during the last quarter. CW Advisors LLC raised its holdings in shares of Trimble by 1.9% in the first quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company’s stock valued at $733,000 after buying an additional 207 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Trimble by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company’s stock valued at $1,386,000 after buying an additional 210 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRMB has been the subject of a number of research analyst reports. Berenberg Bank set a $95.00 price target on Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Oppenheimer lifted their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $92.10.

Insider Transactions at Trimble

In other news, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 115,781 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $82.83, for a total value of $9,590,140.23. Following the transaction, the chief executive officer owned 114,879 shares of the company’s stock, valued at $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is currently owned by company insiders.

Trimble Price Performance

Shares of TRMB stock opened at $78.87 on Friday. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 67.99, a PEG ratio of 3.26 and a beta of 1.65. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The stock has a 50-day moving average price of $80.27 and a 200 day moving average price of $76.06. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last posted its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. Research analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

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.