MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases New Position in Trimble Inc. $TRMB

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 34,465 shares of the scientific and technical instruments company’s stock, valued at approximately $2,619,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Trimble by 2.0% during the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after acquiring an additional 582,124 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Trimble by 26.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock worth $458,113,000 after purchasing an additional 1,445,851 shares in the last quarter. Invesco Ltd. lifted its position in shares of Trimble by 9.7% in the 1st quarter. Invesco Ltd. now owns 3,840,550 shares of the scientific and technical instruments company’s stock worth $252,132,000 after purchasing an additional 339,750 shares during the period. Boston Partners boosted its stake in shares of Trimble by 7.9% during the 1st quarter. Boston Partners now owns 3,644,965 shares of the scientific and technical instruments company’s stock valued at $237,884,000 after purchasing an additional 267,829 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Trimble by 19.8% during the 1st quarter. Northern Trust Corp now owns 3,084,937 shares of the scientific and technical instruments company’s stock valued at $202,526,000 after purchasing an additional 510,509 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director directly owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer Allison sold 3,156 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the sale, the vice president owned 2,882 shares in the company, valued at approximately $230,560. The trade was a 52.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,357 shares of company stock worth $19,181,521 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TRMB shares. Oppenheimer raised their price objective on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $93.00 target price (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, Trimble has an average rating of “Buy” and a consensus price target of $90.75.

Trimble Stock Performance

Shares of TRMB opened at $79.98 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The stock has a market cap of $19.03 billion, a P/E ratio of 68.95, a P/E/G ratio of 3.28 and a beta of 1.66. The business’s 50 day moving average price is $82.06 and its 200-day moving average price is $73.46. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.

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