Captrust Financial Advisors Raises Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Captrust Financial Advisors grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,049 shares of the scientific and technical instruments company's stock after acquiring an additional 25,740 shares during the quarter. Captrust Financial Advisors' holdings in Trimble were worth $6,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TRMB. Barclays PLC increased its stake in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after purchasing an additional 30,457 shares during the last quarter. Principal Financial Group Inc. increased its stake in Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company's stock valued at $24,296,000 after purchasing an additional 60,752 shares during the last quarter. Fulton Bank N.A. increased its stake in Trimble by 32.8% in the fourth quarter. Fulton Bank N.A. now owns 11,256 shares of the scientific and technical instruments company's stock valued at $795,000 after purchasing an additional 2,781 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Trimble by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,038 shares of the scientific and technical instruments company's stock valued at $2,193,000 after purchasing an additional 486 shares during the last quarter. Finally, Czech National Bank increased its stake in Trimble by 6.4% in the fourth quarter. Czech National Bank now owns 52,950 shares of the scientific and technical instruments company's stock valued at $3,741,000 after purchasing an additional 3,203 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

Trimble Trading Down 0.3%

NASDAQ:TRMB traded down $0.18 on Wednesday, hitting $71.07. 373,659 shares of the stock were exchanged, compared to its average volume of 1,396,022. The stock has a market cap of $16.96 billion, a PE ratio of 11.67, a PEG ratio of 3.09 and a beta of 1.67. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $63.96 and a 200-day moving average of $69.18. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

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

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.