King Luther Capital Management Corp decreased its stake in Trimble Inc. (NASDAQ:TRMB – Free Report) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 4,272,331 shares of the scientific and technical instruments company’s stock after selling 110,088 shares during the quarter. Trimble makes up approximately 1.1% of King Luther Capital Management Corp’s investment portfolio, making the stock its 22nd largest position. King Luther Capital Management Corp’s holdings in Trimble were worth $265,269,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Trimble by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock worth $203,976,000 after acquiring an additional 239,673 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after acquiring an additional 434,065 shares during the last quarter. Lazard Asset Management LLC increased its position in Trimble by 25.4% during the first quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock worth $164,087,000 after purchasing an additional 516,789 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Trimble by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after purchasing an additional 361,421 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.
Trimble Stock Performance
NASDAQ:TRMB opened at $70.48 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.49. The firm’s fifty day moving average price is $63.03 and its 200 day moving average price is $58.15. Trimble Inc. has a 1-year low of $42.85 and a 1-year high of $74.22.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Trimble
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.
Read More
- Five stocks we like better than Trimble
- Transportation Stocks Investing
- Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy
- There Are Different Types of Stock To Invest In
- Williams-Sonoma Stock: Buy It and Never Let It Go
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 5 Dividend ETFs to Buy and Hold Forever
Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB – Free Report).
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.