Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Trimble Inc. (NASDAQ:TRMB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 258,333 shares of the scientific and technical instruments company's stock, valued at approximately $18,254,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Trimble as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in shares of Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of Trimble in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Trimble in the 4th quarter valued at approximately $36,000. Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Trimble in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Analysts Set New Price Targets

TRMB has been the subject of several analyst reports. Oppenheimer boosted their target price 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. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $88.43.

Insider Transactions at Trimble

In other news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the transaction, the director now owns 17,939 shares in the company, valued at approximately $1,286,046.91. The trade was a 26.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Trimble Trading Up 1.2%

TRMB traded up $0.82 during trading on Tuesday, reaching $71.66. 263,681 shares of the company's stock were exchanged, compared to its average volume of 1,396,070. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. 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 market capitalization of $17.10 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. The firm has a fifty day moving average price of $64.52 and a two-hundred day moving average price of $69.60.

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

Trimble Company 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.