Free Trial

ASR Vermogensbeheer N.V. Purchases Shares of 31,193 Trimble Inc. (NASDAQ:TRMB)

Trimble logo with Industrials background

Key Points

  • ASR Vermogensbeheer N.V. invested $2.05 million in Trimble Inc., acquiring 31,193 shares during the first quarter.
  • Several hedge funds, including OneDigital Investment Advisors and DAVENPORT & Co, have also increased their stakes in Trimble, indicating strong institutional interest.
  • Analysts have generally positive sentiment towards Trimble, with several firms upgrading their price targets and maintaining "buy" or "overweight" ratings, reflecting confidence in the company's performance.
  • Want stock alerts on Trimble? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

ASR Vermogensbeheer N.V. bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,193 shares of the scientific and technical instruments company's stock, valued at approximately $2,048,000.

Several other hedge funds have also recently modified their holdings of the stock. Central Pacific Bank Trust Division lifted its position in shares of Trimble by 174.9% during the 1st 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. Putney Financial Group LLC purchased a new position in shares of Trimble in the 4th quarter valued at about $51,000. Quarry LP lifted its stake 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 last quarter. Farther Finance Advisors LLC lifted its stake in Trimble by 153.5% in the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock valued at $64,000 after buying an additional 591 shares during the last quarter. Finally, Friedenthal Financial increased its holdings in shares of Trimble by 64.7% in the first quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 453 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other Trimble 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 transaction of $466,773.59. Following the sale, the director owned 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This represents a 26.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,156 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the sale, the vice president directly owned 2,882 shares in the company, valued at $230,560. This trade represents a 52.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,047 shares of company stock worth $1,538,152. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TRMB. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer lifted their target price on Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research report on Thursday. 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. raised their price target on Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Raymond James Financial reissued an "outperform" rating and issued a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research note on Thursday. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trimble has an average rating of "Buy" and a consensus price target of $90.50.

Check Out Our Latest Analysis on Trimble

Trimble Stock Up 1.5%

TRMB stock traded up $1.25 during trading hours on Friday, reaching $83.77. 2,390,747 shares of the stock were exchanged, compared to its average volume of 2,031,355. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 72.22, a PEG ratio of 3.55 and a beta of 1.69. The firm's 50-day moving average is $77.93 and its 200-day moving average is $71.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a 12 month low of $51.03 and a 12 month high of $87.50.

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

About Trimble

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Should You Invest $1,000 in Trimble Right Now?

Before you consider Trimble, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trimble wasn't on the list.

While Trimble currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines