Forum Financial Management LP Acquires 471 Shares of Trimble Inc. $TRMB

Forum Financial Management LP grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,539 shares of the scientific and technical instruments company’s stock after purchasing an additional 471 shares during the quarter. Forum Financial Management LP’s holdings in Trimble were worth $421,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRMB. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter valued at about $211,000. GAMMA Investing LLC raised its holdings in shares of Trimble by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 1,059 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Trimble by 7.2% in the 1st 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 purchasing an additional 2,397 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Trimble by 18.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 104,161 shares of the scientific and technical instruments company’s stock valued at $6,838,000 after purchasing an additional 16,208 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings 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 in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total transaction of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares of the company’s stock, valued at approximately $6,988,471.35. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,321 shares of company stock valued at $18,677,518. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRMB. Oppenheimer increased their target price on shares of 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 reissued an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research note on Friday. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Barclays began coverage on shares of Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus price target of $92.10.

Trimble Stock Up 0.9%

TRMB stock opened at $81.42 on Friday. The firm’s fifty day simple moving average is $80.36 and its 200-day simple moving average is $75.50. The company has a market capitalization of $19.38 billion, a P/E ratio of 70.19, a price-to-earnings-growth ratio of 3.34 and a beta of 1.65. 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 12 month low of $52.91 and a 12 month high of $87.50.

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