Dimensional Fund Advisors LP Acquires 17,891 Shares of Trimble Inc (TRMB)

Dimensional Fund Advisors LP lifted its holdings in Trimble Inc (NASDAQ:TRMB) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 826,072 shares of the scientific and technical instruments company’s stock after buying an additional 17,891 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.33% of Trimble worth $27,128,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Trimble by 4.9% in the 2nd quarter. BlackRock Inc. now owns 24,840,805 shares of the scientific and technical instruments company’s stock worth $815,770,000 after buying an additional 1,164,391 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Trimble by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,557,677 shares of the scientific and technical instruments company’s stock worth $182,514,000 after buying an additional 207,766 shares during the last quarter. Saturna Capital CORP lifted its position in shares of Trimble by 1.3% in the 2nd quarter. Saturna Capital CORP now owns 1,554,905 shares of the scientific and technical instruments company’s stock worth $51,063,000 after buying an additional 20,200 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Trimble by 2.3% in the 1st quarter. Legal & General Group Plc now owns 1,546,227 shares of the scientific and technical instruments company’s stock worth $55,479,000 after buying an additional 34,430 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Trimble by 117.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,545,899 shares of the scientific and technical instruments company’s stock worth $55,467,000 after buying an additional 836,079 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, July 12th. ValuEngine upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, BidaskClub upgraded shares of Trimble from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.00.

In related news, CFO Robert G. Painter sold 1,500 shares of Trimble stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $34.33, for a total value of $51,495.00. Following the sale, the chief financial officer now directly owns 13,888 shares in the company, valued at approximately $476,775.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robert G. Painter sold 750 shares of Trimble stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $39.11, for a total transaction of $29,332.50. Following the completion of the sale, the chief financial officer now owns 13,138 shares in the company, valued at $513,827.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,251 shares of company stock worth $4,504,418. 0.36% of the stock is currently owned by insiders.

Shares of NASDAQ:TRMB opened at $41.16 on Tuesday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 32.48, a PEG ratio of 2.59 and a beta of 2.42. Trimble Inc has a fifty-two week low of $32.01 and a fifty-two week high of $45.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The firm had revenue of $785.50 million for the quarter, compared to the consensus estimate of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. Trimble’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, research analysts expect that Trimble Inc will post 1.62 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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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