Proficio Capital Partners LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,126 shares of the scientific and technical instruments company’s stock, valued at approximately $47,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. American Century Companies Inc. lifted its position in Trimble by 12.9% in the first quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock valued at $481,000 after acquiring an additional 760 shares during the last quarter. Private Advisor Group LLC acquired a new position in Trimble in the first quarter valued at $271,000. Dimensional Fund Advisors LP increased its stake in Trimble by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock valued at $82,251,000 after purchasing an additional 6,402 shares during the period. Prudential PLC acquired a new position in Trimble in the first quarter valued at $371,000. Finally, National Pension Service increased its stake in Trimble by 5.1% in the first quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock valued at $31,796,000 after purchasing an additional 21,426 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $51.31, for a total transaction of $128,275.00. Following the sale, the chief executive officer now owns 217,856 shares of the company’s stock, valued at $11,178,191.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Trimble Stock Down 0.0 %
TRMB stock opened at $52.16 on Thursday. The company has a market cap of $12.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.40 and a beta of 1.58. Trimble Inc. has a 52 week low of $45.43 and a 52 week high of $72.24. The company’s 50-day moving average price is $49.25 and its 200 day moving average price is $51.04. The company has a current ratio of 1.51, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.
Trimble (NASDAQ:TRMB – Free Report) last released its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $915.40 million for the quarter, compared to the consensus estimate of $935.43 million. Trimble had a net margin of 13.01% and a return on equity of 13.68%. On average, research analysts expect that Trimble Inc. will post 2.17 earnings per share for the current fiscal year.
About Trimble
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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