IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 7,660 Shares of Trimble Inc. $TRMB

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 57.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,927 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,660 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Trimble were worth $1,590,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Balboa Wealth Partners raised its holdings in Trimble by 4.7% during the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock worth $243,000 after acquiring an additional 144 shares in the last quarter. MAI Capital Management raised its holdings in Trimble by 6.6% during the first quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock worth $176,000 after acquiring an additional 165 shares in the last quarter. Horizon Investments LLC raised its holdings in Trimble by 5.6% during the first quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 188 shares in the last quarter. CW Advisors LLC raised its stake in Trimble by 1.9% in the first quarter. CW Advisors LLC now owns 11,172 shares of the scientific and technical instruments company’s stock valued at $733,000 after buying an additional 207 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Trimble by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company’s stock valued at $1,386,000 after buying an additional 210 shares during the period. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRMB. Barclays began coverage on Trimble in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. Oppenheimer upped their target price on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Raymond James Financial reaffirmed 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. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $92.10.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $75.65, for a total value of $567,375.00. Following the sale, the chief executive officer owned 92,379 shares of the company’s stock, valued at approximately $6,988,471.35. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 224,321 shares of company stock valued at $18,677,518. 0.54% of the stock is currently owned by corporate insiders.

Trimble Trading Down 0.8%

Shares of NASDAQ:TRMB opened at $80.50 on Wednesday. The company has a market capitalization of $19.16 billion, a P/E ratio of 69.40, a P/E/G ratio of 3.33 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’s 50 day simple moving average is $80.31 and its 200 day simple moving average is $75.89.

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

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.