Trimble Inc (TRMB) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its holdings in Trimble Inc (NASDAQ:TRMB) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,763,021 shares of the scientific and technical instruments company’s stock after selling 255,605 shares during the period. Credit Suisse AG owned about 1.10% of Trimble worth $120,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TRMB. DekaBank Deutsche Girozentrale boosted its stake in Trimble by 28.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 535,783 shares of the scientific and technical instruments company’s stock worth $22,605,000 after buying an additional 117,089 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trimble by 14.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 516,093 shares of the scientific and technical instruments company’s stock worth $22,429,000 after buying an additional 66,867 shares during the last quarter. FMR LLC boosted its stake in Trimble by 5.7% during the third quarter. FMR LLC now owns 8,978,921 shares of the scientific and technical instruments company’s stock worth $390,224,000 after buying an additional 484,134 shares during the last quarter. American International Group Inc. boosted its stake in Trimble by 1.3% during the third quarter. American International Group Inc. now owns 518,203 shares of the scientific and technical instruments company’s stock worth $22,521,000 after buying an additional 6,506 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Trimble by 4.2% during the third quarter. BlackRock Inc. now owns 25,891,858 shares of the scientific and technical instruments company’s stock worth $1,125,260,000 after buying an additional 1,051,053 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

NASDAQ:TRMB opened at $36.06 on Friday. Trimble Inc has a 52 week low of $32.01 and a 52 week high of $45.70. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.07 and a beta of 2.45.

Trimble (NASDAQ:TRMB) last posted its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). Trimble had a net margin of 5.32% and a return on equity of 16.21%. The business had revenue of $804.70 million during the quarter, compared to analysts’ expectations of $806.12 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Trimble’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, research analysts predict that Trimble Inc will post 1.66 EPS for the current fiscal year.

A number of equities analysts have weighed in on TRMB shares. BidaskClub lowered Trimble from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. ValuEngine raised Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Robert W. Baird lifted their target price on Trimble from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $43.80.

In related news, SVP Darryl R. Matthews sold 1,833 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $42.49, for a total value of $77,884.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Merit E. Janow sold 30,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $41.48, for a total value of $1,244,400.00. Following the completion of the sale, the director now owns 60,356 shares in the company, valued at approximately $2,503,566.88. The disclosure for this sale can be found here. Insiders sold a total of 37,534 shares of company stock worth $1,550,767 in the last quarter. Company insiders own 1.40% of the company’s stock.

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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.

Further Reading: Fiduciary

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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