Nomura Holdings Inc. Takes Position in Trimble Inc. (NASDAQ:TRMB)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRMB. Cullen Frost Bankers Inc. increased its holdings in shares of Trimble by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock worth $1,623,000 after buying an additional 141 shares in the last quarter. Essex Investment Management Co. LLC raised its position in Trimble by 0.5% in the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock valued at $2,017,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Trimble by 12.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock valued at $93,000 after purchasing an additional 149 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Trimble by 1.6% during the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock valued at $717,000 after purchasing an additional 156 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Trimble by 10.4% during the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock worth $125,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Insiders Place Their Bets

In related news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kaigham Gabriel sold 6,511 shares of Trimble stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the sale, the director now directly owns 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Trimble Trading Down 0.3%

Shares of TRMB traded down $0.24 during trading hours on Monday, hitting $70.55. 929,216 shares of the stock were exchanged, compared to its average volume of 1,394,463. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The business has a 50-day moving average of $64.46 and a 200-day moving average of $69.64. The firm has a market capitalization of $16.83 billion, a P/E ratio of 11.58, 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 current ratio of 1.27 and a quick ratio of 1.07.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly 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. The firm had revenue of $840.60 million during the quarter, compared to the consensus estimate of $810.45 million. Trimble had a return on equity of 10.56% and a net margin of 40.84%. The business's revenue was down 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. On average, research analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Wall Street Analyst Weigh In

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

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.