Kera Capital Partners Inc. Invests $274,000 in Trimble Inc. (NASDAQ:TRMB)

Kera Capital Partners Inc. acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,181 shares of the scientific and technical instruments company's stock, valued at approximately $274,000.

Other large investors also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new stake in Trimble in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble in the 4th quarter valued at $36,000. Larson Financial Group LLC grew its holdings in shares of 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 valued at $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new position in Trimble in the 4th quarter worth $51,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRMB has been the subject of several analyst reports. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Trimble currently has an average rating of "Buy" and an average target price of $88.43.

Insiders Place Their Bets

In other news, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total value of $466,773.59. Following the completion of the transaction, the director now owns 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This represents a 26.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Trimble Trading Down 0.9%

Shares of Trimble stock traded down $0.66 during midday trading on Friday, reaching $71.00. 2,798,392 shares of the company's stock traded hands, compared to its average volume of 1,402,390. The stock has a 50 day moving average of $64.48 and a 200-day moving average of $69.63. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a market cap of $16.94 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $840.60 million during 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%. The company's revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. As a group, equities analysts expect that Trimble Inc. will post 2.37 EPS 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.