Ossiam reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 87.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,716 shares of the scientific and technical instruments company’s stock after selling 12,227 shares during the period. Ossiam’s holdings in Trimble were worth $87,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in Trimble by 0.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 34,298 shares of the scientific and technical instruments company’s stock worth $1,861,000 after acquiring an additional 186 shares during the period. United Capital Financial Advisers LLC grew its holdings in Trimble by 0.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock worth $5,045,000 after acquiring an additional 186 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Trimble by 1.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,200 shares of the scientific and technical instruments company’s stock worth $617,000 after acquiring an additional 192 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Trimble by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 57,547 shares of the scientific and technical instruments company’s stock worth $3,123,000 after acquiring an additional 200 shares during the period. Finally, Utah Retirement Systems grew its holdings in Trimble by 0.4% during the 3rd quarter. Utah Retirement Systems now owns 44,656 shares of the scientific and technical instruments company’s stock worth $2,423,000 after acquiring an additional 200 shares during the period. 89.49% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TRMB has been the subject of a number of analyst reports. Northcoast Research downgraded Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price target for the company. in a research note on Tuesday, March 7th. 888 reissued a “maintains” rating on shares of Trimble in a research report on Thursday, May 4th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday. Edward Jones raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, April 5th. Finally, Robert W. Baird lowered their price target on shares of Trimble from $63.00 to $59.00 in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $59.00.
Trimble Trading Down 1.2 %
Trimble (NASDAQ:TRMB – Get Rating) last issued its earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $915.40 million for the quarter, compared to analysts’ expectations of $935.43 million. Trimble had a net margin of 13.01% and a return on equity of 13.68%. As a group, analysts anticipate that Trimble Inc. will post 2.18 earnings per share 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 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.
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