BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $22.37 Million Position in Trimble Inc. (NASDAQ:TRMB)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 68.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,052 shares of the scientific and technical instruments company’s stock after purchasing an additional 163,048 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Trimble were worth $22,371,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Trimble by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock valued at $1,554,164,000 after buying an additional 273,863 shares during the last quarter. Generation Investment Management LLP lifted its holdings in shares of Trimble by 89.5% during the fourth quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock worth $652,787,000 after purchasing an additional 5,796,030 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Trimble by 2.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,315,941 shares of the scientific and technical instruments company’s stock worth $342,134,000 after purchasing an additional 126,472 shares during the period. Primecap Management Co. CA grew its stake in shares of Trimble by 3.9% in the fourth quarter. Primecap Management Co. CA now owns 5,025,141 shares of the scientific and technical instruments company’s stock worth $267,338,000 after purchasing an additional 188,790 shares during the last quarter. Finally, FIL Ltd increased its holdings in Trimble by 5.2% in the fourth quarter. FIL Ltd now owns 3,588,699 shares of the scientific and technical instruments company’s stock valued at $190,919,000 after purchasing an additional 178,375 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 0.6 %

Shares of NASDAQ:TRMB traded up $0.34 during midday trading on Friday, reaching $56.69. The company’s stock had a trading volume of 1,581,330 shares, compared to its average volume of 1,360,315. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a 50 day moving average price of $55.15 and a two-hundred day moving average price of $57.90. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 59.05, a PEG ratio of 2.55 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, analysts forecast that Trimble Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Raymond James reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Trimble in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reduced their target price on Trimble from $65.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird raised their price target on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.33.

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.