Inspire Investing LLC Sells 2,202 Shares of Trimble Inc. $TRMB

Inspire Investing LLC lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,211 shares of the scientific and technical instruments company’s stock after selling 2,202 shares during the quarter. Inspire Investing LLC’s holdings in Trimble were worth $2,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Aberdeen Group plc grew its position in shares of Trimble by 9.1% during the 2nd quarter. Aberdeen Group plc now owns 267,190 shares of the scientific and technical instruments company’s stock worth $20,301,000 after buying an additional 22,229 shares during the period. Lmcg Investments LLC grew its holdings in Trimble by 72.7% during the 2nd quarter. Lmcg Investments LLC now owns 131,707 shares of the scientific and technical instruments company’s stock valued at $10,007,000 after buying an additional 55,455 shares in the last quarter. L. Roy Papp & Associates LLP raised its stake in Trimble by 1.8% in the second quarter. L. Roy Papp & Associates LLP now owns 77,827 shares of the scientific and technical instruments company’s stock valued at $5,913,000 after purchasing an additional 1,380 shares in the last quarter. IFP Advisors Inc lifted its position in Trimble by 1,161.4% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the scientific and technical instruments company’s stock worth $98,000 after buying an additional 1,173 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Trimble in the second quarter valued at approximately $439,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity at Trimble

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president owned 406 shares of the company’s stock, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the sale, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,821 shares of company stock worth $18,110,143. 0.54% of the stock is owned by insiders.

Trimble Price Performance

TRMB stock opened at $75.63 on Friday. The firm has a market capitalization of $18.00 billion, a PE ratio of 65.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.65. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The business has a 50 day simple moving average of $81.27 and a 200-day simple moving average of $74.25.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRMB shares. Oppenheimer upped their price target on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Berenberg Bank set a $95.00 price objective on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $92.10.

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.