Teachers Retirement System of The State of Kentucky Boosts Stake in Trimble Inc (NASDAQ:TRMB)

Teachers Retirement System of The State of Kentucky grew its position in shares of Trimble Inc (NASDAQ:TRMB) by 56.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 469,944 shares of the scientific and technical instruments company’s stock after acquiring an additional 168,900 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.19% of Trimble worth $20,297,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRMB. Ameritas Investment Company LLC purchased a new stake in shares of Trimble in the 1st quarter worth approximately $25,000. CWM Advisors LLC purchased a new stake in shares of Trimble in the 1st quarter worth approximately $32,000. Fifth Third Bancorp grew its stake in shares of Trimble by 126.7% in the 2nd quarter. Fifth Third Bancorp now owns 882 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 493 shares during the last quarter. Column Capital Advisors LLC grew its stake in shares of Trimble by 32.2% in the 1st quarter. Column Capital Advisors LLC now owns 1,347 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 328 shares during the last quarter. Finally, Smithfield Trust Co. grew its stake in shares of Trimble by 44.0% in the 2nd quarter. Smithfield Trust Co. now owns 1,440 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $52.00, for a total value of $182,000.00. Following the completion of the sale, the chief executive officer now owns 80,325 shares in the company, valued at approximately $4,176,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald S. Nersesian sold 30,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $49.03, for a total value of $1,470,900.00. Following the completion of the sale, the director now owns 9,006 shares of the company’s stock, valued at approximately $441,564.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,972 shares of company stock worth $4,493,892. 0.66% of the stock is owned by insiders.

Trimble stock traded down $0.77 during trading on Wednesday, reaching $51.31. The company had a trading volume of 859,254 shares, compared to its average volume of 1,341,631. Trimble Inc has a 52 week low of $20.01 and a 52 week high of $54.51. The firm’s 50-day simple moving average is $49.51 and its 200 day simple moving average is $40.38. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.95 and a beta of 1.64. The company has a current ratio of 0.96, a quick ratio of 0.67 and a debt-to-equity ratio of 0.49.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.14. Trimble had a return on equity of 14.69% and a net margin of 15.39%. The company had revenue of $733.60 million for the quarter, compared to analysts’ expectations of $694.58 million. On average, analysts predict that Trimble Inc will post 1.69 earnings per share for the current year.

Several equities analysts recently issued reports on the company. BidaskClub raised Trimble from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. TheStreet raised Trimble from a “c+” rating to a “b-” rating in a research report on Wednesday, June 10th. Raymond James upped their price objective on Trimble from $44.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Wolfe Research assumed coverage on Trimble in a research report on Tuesday, August 25th. They issued an “outperform” rating and a $56.00 price objective on the stock. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Trimble in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.11.

About Trimble

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; and integrated workplace management services software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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