Callan Family Office LLC Takes Position in Trimble Inc. $TRMB

Callan Family Office LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,781 shares of the scientific and technical instruments company’s stock, valued at approximately $439,000.

Several other large investors have also recently made changes to their positions in TRMB. Flaharty Asset Management LLC acquired a new position in shares of Trimble in the 1st quarter worth approximately $45,000. Ameritas Advisory Services LLC acquired a new position in shares of Trimble in the 2nd quarter worth approximately $48,000. Steph & Co. lifted its holdings in shares of Trimble by 592.0% in the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 592 shares during the last quarter. State of Wyoming acquired a new position in shares of Trimble in the 1st quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after acquiring an additional 591 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial restated an “outperform” rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Finally, Barclays began coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. Two equities research 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 stock. According to data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus target price of $92.10.

Trimble Trading Up 1.3%

Shares of Trimble stock opened at $78.04 on Wednesday. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. 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 company has a market capitalization of $18.57 billion, a P/E ratio of 67.28, a PEG ratio of 3.16 and a beta of 1.65. The company’s fifty day moving average is $81.03 and its two-hundred day moving average is $74.44.

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

Insider Activity

In other news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the sale, the chief executive officer owned 114,879 shares of the company’s stock, valued at $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the completion of the sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,821 shares of company stock valued at $18,110,143 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

About Trimble

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.