8,043 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,043 shares of the scientific and technical instruments company's stock, valued at approximately $568,000.

Other large investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in Trimble during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in Trimble during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the fourth quarter worth approximately $36,000. Larson Financial Group LLC boosted its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Quarry LP boosted its position in Trimble by 121.8% during the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock worth $52,000 after purchasing an additional 402 shares during the period. Institutional investors own 93.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRMB. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Finally, StockNews.com cut Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $88.43.

Insider Activity 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 transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at $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 Trimble 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. 0.54% of the stock is currently owned by corporate insiders.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $72.31 on Wednesday. The business has a fifty day simple moving average of $64.41 and a 200 day simple moving average of $69.54. 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 firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.09 and a beta of 1.67. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 10.56% and a net margin of 40.84%. Trimble's revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Sell-side analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

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.

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