Arcus Capital Partners LLC Invests $282,000 in Trimble Inc. (NASDAQ:TRMB)

Arcus Capital Partners LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,299 shares of the scientific and technical instruments company's stock, valued at approximately $282,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after buying an additional 183,150 shares during the last quarter. Select Equity Group L.P. lifted its holdings in Trimble by 22.4% during the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock worth $717,506,000 after acquiring an additional 1,857,517 shares during the period. Geode Capital Management LLC boosted its position in Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after purchasing an additional 138,136 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Trimble by 2.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock valued at $390,909,000 after purchasing an additional 134,277 shares during the period. Finally, Contour Asset Management LLC increased its position in shares of Trimble by 4.4% during the 4th quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock valued at $330,772,000 after purchasing an additional 197,913 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRMB. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $89.43.

Trimble Price Performance

Shares of NASDAQ:TRMB traded down $0.72 on Friday, hitting $80.11. The company's stock had a trading volume of 557,088 shares, compared to its average volume of 1,400,371. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $81.66. The company has a market capitalization of $19.11 billion, a PE ratio of 13.07, a PEG ratio of 3.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. The company has a 50-day simple moving average of $72.38 and a 200 day simple moving average of $69.97.

Trimble (NASDAQ:TRMB - Get Free Report) last released 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 42.40% and a return on equity of 9.87%. The firm had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. During the same period in the prior year, the firm earned $0.64 EPS. The company's revenue was down 11.8% compared to the same quarter last year. Sell-side analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling at Trimble

In other Trimble news, VP Mark David Schwartz sold 1,476 shares of Trimble stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total value of $115,128.00. Following the completion of the sale, the vice president owned 22,405 shares of the company's stock, valued at approximately $1,747,590. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction 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 directly owned 17,939 shares in the company, valued at $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,487 shares of company stock worth $1,173,352. Company insiders own 0.54% of the company's stock.

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.