Cadent Capital Advisors LLC Has $578,000 Holdings in Trimble Inc. $TRMB

Cadent Capital Advisors LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 26.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,608 shares of the scientific and technical instruments company’s stock after buying an additional 1,615 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Trimble were worth $578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC lifted its stake in shares of Trimble by 30.1% in the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock worth $268,000 after acquiring an additional 943 shares during the period. DAVENPORT & Co LLC lifted its holdings in Trimble by 6.0% in the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock valued at $522,000 after buying an additional 452 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Trimble by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock valued at $2,355,000 after acquiring an additional 2,397 shares during the last quarter. CX Institutional grew its holdings in Trimble by 11.7% during the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after acquiring an additional 739 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Trimble by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock valued at $2,793,000 after purchasing an additional 4,185 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.1%

NASDAQ:TRMB opened at $79.98 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The company has a market cap of $19.03 billion, a PE ratio of 68.95, a PEG ratio of 3.28 and a beta of 1.66. The firm has a 50-day moving average of $82.06 and a 200-day moving average of $73.46.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $875.70 million during the quarter, compared to the consensus estimate of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. As a group, equities research analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRMB. Oppenheimer lifted their target price on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $93.00 price objective (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $90.75.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president owned 406 shares in the company, valued at $33,186.44. This represents a 94.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert G. Painter sold 115,781 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the completion of the sale, the chief executive officer owned 114,879 shares of the company’s stock, valued at approximately $9,515,427.57. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 230,357 shares of company stock valued at $19,181,521 in the last three months. Insiders own 0.54% of the company’s stock.

Trimble Company 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.