BNP Paribas Financial Markets Grows Stake in Trimble Inc. (NASDAQ:TRMB)

BNP Paribas Financial Markets grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 80.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 393,523 shares of the scientific and technical instruments company's stock after buying an additional 175,406 shares during the quarter. BNP Paribas Financial Markets owned 0.16% of Trimble worth $27,806,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Trimble in the fourth quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the fourth quarter valued at $36,000. Larson Financial Group LLC lifted its holdings in Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Trimble during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded up $0.01 on Wednesday, reaching $71.26. The company's stock had a trading volume of 342,405 shares, compared to its average volume of 1,395,876. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The stock has a market capitalization of $17.00 billion, a P/E ratio of 11.70, a PEG ratio of 3.09 and a beta of 1.67. The stock's 50-day moving average is $63.96 and its two-hundred day moving average is $69.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com lowered shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $86.00.

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.