Focus Partners Advisor Solutions LLC Has $469,000 Holdings in Trimble Inc. $TRMB

Focus Partners Advisor Solutions LLC boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 34.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,173 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,583 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Trimble were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TRMB. Nuveen LLC acquired a new stake in shares of Trimble during the first quarter valued at about $122,070,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Trimble by 26.1% during the first 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 valued at $458,113,000 after purchasing an additional 1,445,851 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 purchasing an additional 582,124 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Trimble by 296.5% during the first quarter. Raymond James Financial Inc. now owns 741,514 shares of the scientific and technical instruments company’s stock valued at $48,680,000 after purchasing an additional 554,514 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Trimble by 85.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,112,322 shares of the scientific and technical instruments company’s stock valued at $73,024,000 after purchasing an additional 511,200 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Wednesday, October 8th. Oppenheimer lifted their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note 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 note on Friday, September 19th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Raymond James Financial restated an “outperform” rating and set a $93.00 price objective (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Two 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.com, Trimble has a consensus rating of “Buy” and an average target price of $92.10.

Trimble Price Performance

Shares of TRMB opened at $79.39 on Thursday. 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 company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 68.44, a price-to-earnings-growth ratio of 3.30 and a beta of 1.65. The business has a 50-day moving average of $80.30 and a 200-day moving average of $76.04.

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

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction that occurred on Thursday, September 18th. The stock was 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 directly owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the sale, the director 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 224,321 shares of company stock worth $18,677,518. 0.54% of the stock is owned by corporate insiders.

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.