November 24, 2016 - By Winifred Garcia
Steven Berglund, the President & CEO of Trimble Inc, made a sale of 208,056 shares of the company, with market value around $5,723,621 USD, based on a stock price of $27.5 for a share. He also unloaded 191,944 shares worth approximately $5,367,539 USD in the last month. This is a deal that is not going to stay a secret as Steven already holds 288,618 shares accounting for 0.11% of the Company’s market cap This stock trade by Mr. Steven – was dated on November 23, 2016 and revealed in a SEC’s document available here.
Out of 11 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. $32 is the highest target while $19 is the lowest. The $25.75 average target is -8.98% below today’s ($28.29) stock price. Trimble Navigation Limited has been the topic of 16 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, August 5 by M Partners. Oppenheimer initiated it with “Outperform” rating and $32 target price in Thursday, December 10 report. On Tuesday, June 14 the stock rating was initiated by Raymond James with “Outperform”. On Monday, October 5 the stock rating was maintained by Robert W. Baird with “Neutral”. The company was maintained on Friday, June 24 by Wedbush. The firm has “Outperform” rating given on Friday, October 30 by Robert W. Baird. The rating was downgraded by JP Morgan on Tuesday, June 28 to “Neutral”. The rating was maintained by Dougherty & Company on Friday, November 4 with “Buy”. The rating was initiated by FBR Capital on Wednesday, May 11 with “Outperform”. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 20.
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.10, from 1.13 in 2016Q1. The ratio dropped, as 25 funds sold all Trimble Inc shares owned while 109 reduced positions. 34 funds bought stakes while 118 increased positions. They now own 219.42 million shares or 3.22% less from 226.72 million shares in 2016Q1.
Waddell Reed last reported 4.19M shares in the company. Agf Incorporated reported 13,323 shares or 0% of all its holdings. Arizona State Retirement System last reported 0.04% of its portfolio in the stock. Oxbow Advisors Limited holds 78,570 shares or 0.27% of its portfolio. Advantus Mgmt has 0.02% invested in the company for 30,408 shares. First Personal Fincl Service has 0% invested in the company for 244 shares. Sumitomo Mitsui Asset, a Japan-based fund reported 16,887 shares. Chilton Cap Mgmt Ltd Llc accumulated 24,909 shares or 0.06% of the stock. Franklin Resources reported 3.25 million shares or 0.04% of all its holdings. New York State Teachers Retirement Sys holds 0.03% or 448,913 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt has 27,734 shares for 0.03% of their US portfolio. Moreover, Robecosam Usa has 2.76% invested in Trimble Inc (NASDAQ:TRMB) for 91,076 shares. Axa owns 800,000 shares or 0.09% of their US portfolio. Moreover, Ameriprise Inc has 0.01% invested in Trimble Inc (NASDAQ:TRMB) for 947,601 shares. Moreover, Ladenburg Thalmann Fincl Ser has 0% invested in Trimble Inc (NASDAQ:TRMB) for 10,129 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 22 selling transactions for $29.62 million net activity. On Friday, November 11 the insider Kliem Jurgen sold $331,359. Another trade for 5,714 shares valued at $156,506 was made by MATTHEWS DARRYL R on Thursday, September 1. On Thursday, May 26 KIRKLAND JAMES A sold $12,705 worth of the stock or 512 shares. VANDE STEEG NICKOLAS had sold 25,200 shares worth $696,780. PEEK MARK S also sold $302,303 worth of Trimble Inc (NASDAQ:TRMB) shares. Shares for $125,875 were sold by PAINTER ROBERT G. Veneziano James had sold 8,000 shares worth $222,480 on Monday, August 8.
The stock increased 2.80% or $0.77 during the last trading session, hitting $28.29. About 1.95M shares traded hands or 1.04% up from the average. Trimble Inc (NASDAQ:TRMB) has risen 7.29% since April 21, 2016 and is uptrending. It has outperformed by 1.96% the S&P500.
Trimble Inc., formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The company has a market cap of $7.09 billion. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It has a 61.8 P/E ratio. The Engineering and Construction segment serves clients working in engineering and construction, among others.
According to Zacks Investment Research, “Trimble Inc. is a provider of technology solutions for professionals and field mobile workers. The Company’s operating segment consists of Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It integrates positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions. Trimble Inc., formerly known as Trimble Navigation Limited, is headquartered in Sunnyvale, California.”
Analysts await Trimble Inc (NASDAQ:TRMB) to report earnings on February, 14. They expect $0.26 earnings per share, up 13.04% or $0.03 from last year’s $0.23 per share. TRMB’s profit will be $65.16 million for 27.20 P/E if the $0.26 EPS becomes a reality. After $0.29 actual earnings per share reported by Trimble Inc for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.
Trimble Inc., formerly Trimble Navigation Limited, incorporated on January 1, 1981, provides technology solutions for professionals and field mobile workers. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves clients working in architecture, engineering, construction, geospatial and government. The Field Solutions segment provides solutions for the farming, government and consumer markets, with its products focused on agriculture and geographic information systems (GIS). The Mobile Solutions segment provides solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets in the areas of transportation and logistics and field services management. The Advanced Devices segment consists of the Embedded Technologies, Timing, Applanix, Military and Advanced Systems, and ThingMagic businesses.
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