Argentarii LLC Buys Shares of 5,086 Trimble Inc. (NASDAQ:TRMB)

Argentarii LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,086 shares of the scientific and technical instruments company's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in Trimble during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the fourth quarter valued at approximately $36,000. Central Pacific Bank Trust Division lifted its position in Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC lifted 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 valued at $48,000 after buying an additional 422 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Up 1.2%

Shares of NASDAQ TRMB traded up $0.96 during trading on Friday, reaching $78.82. 805,580 shares of the stock were exchanged, compared to its average volume of 1,393,862. The business's 50-day moving average price is $70.97 and its 200 day moving average price is $69.73. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $78.99. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 3.36 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $840.60 million for the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The firm's quarterly 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. As a group, equities analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 6,511 shares of the company's 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 sale, the director directly owned 17,939 shares of the company's stock, valued at $1,286,046.91. This represents a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TRMB shares. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Piper Sandler reissued 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 cut shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.