Alamea Verwaltungs GmbH Takes Position in Trimble Inc. $TRMB

Key Points

• Alamea Verwaltungs GmbH invested $331,000 in Trimble Inc., purchasing 5,044 shares during the first quarter.
• Analysts have raised their target prices for Trimble, with Oppenheimer increasing their target from $88 to $94 and JPMorgan from $95 to $96, reflecting positive sentiment towards the stock.
• Insider transactions show significant stock sales, including CEO Robert G. Painter selling 115,781 shares worth approximately $9.59 million, indicating potential shifts in ownership dynamics.

Alamea Verwaltungs GmbH bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,044 shares of the scientific and technical instruments company's stock, valued at approximately $331,000.

Other hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its stake in Trimble by 30.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company's stock worth $268,000 after purchasing an additional 943 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Trimble by 6.0% in the 1st quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company's stock worth $522,000 after purchasing an additional 452 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Trimble by 7.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company's stock worth $2,355,000 after purchasing an additional 2,397 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Trimble by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company's stock worth $2,793,000 after purchasing an additional 4,185 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Trimble by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company's stock worth $346,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Trimble Trading Up 1.4%

Trimble stock traded up $1.11 during midday trading on Thursday, reaching $79.71. The stock had a trading volume of 1,216,922 shares, compared to its average volume of 1,573,206. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 68.72, a price-to-earnings-growth ratio of 3.32 and a beta of 1.66. The company has a fifty day moving average of $81.34 and a 200 day moving average of $72.36. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The business had revenue of $875.70 million for the quarter, compared to the consensus estimate of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. On average, analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other Trimble news, Director James Calvin Dalton sold 609 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the transaction, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. This represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,156 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $252,480.00. Following the completion of the transaction, the vice president owned 2,882 shares in the company, valued at $230,560. This represents a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,992 shares of company stock valued at $18,579,506 over the last 90 days. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TRMB. Raymond James Financial reiterated an "outperform" rating and issued a $93.00 price target (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Oppenheimer upped their target price on shares of Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Piper Sandler restated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $90.50.

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.