D.B. Root & Company LLC Sells 1,094 Shares of Trimble Inc. $TRMB

D.B. Root & Company LLC trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 8.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,448 shares of the scientific and technical instruments company’s stock after selling 1,094 shares during the quarter. D.B. Root & Company LLC’s holdings in Trimble were worth $870,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC grew its stake in Trimble by 30.1% during the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock worth $268,000 after buying an additional 943 shares during the last quarter. CX Institutional grew its stake in Trimble by 11.7% during the second quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after buying an additional 739 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Trimble by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock worth $522,000 after buying an additional 452 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Trimble by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock worth $2,355,000 after buying an additional 2,397 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Trimble by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock worth $2,793,000 after buying an additional 4,185 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Painter sold 115,781 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.83, for a total transaction of $9,590,140.23. Following the sale, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,881 shares of company stock valued at $19,066,393. 0.54% of the stock is owned by company insiders.

Trimble Trading Up 0.6%

TRMB opened at $80.72 on Monday. The firm’s fifty day moving average is $81.79 and its two-hundred day moving average is $74.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $19.21 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 3.31 and a beta of 1.65. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Equities research analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Trimble in a research note on Saturday, September 27th. Finally, Raymond James Financial reissued an “outperform” rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. One research analyst has 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. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $91.22.

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.