B. Metzler seel. Sohn & Co. AG Grows Stock Holdings in Trimble Inc. $TRMB

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Trimble Inc. by 26.2% during the first quarter, acquiring 4,842 additional shares, bringing its total holdings to 23,292 shares worth approximately $1.53 million.
• Multiple large investors, including Vanguard Group and Invesco Ltd., have also boosted their stakes in Trimble, with institutional investors now owning 93.21% of the stock.
• Trimble reported earnings of $0.71 per share for its latest quarter, exceeding analysts' estimates, with revenues of $875.7 million compared to expectations of $835.81 million.

B. Metzler seel. Sohn & Co. AG grew its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 26.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,292 shares of the scientific and technical instruments company's stock after acquiring an additional 4,842 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Trimble were worth $1,529,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Trimble by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company's stock valued at $1,988,450,000 after acquiring an additional 582,124 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Trimble by 22.4% in the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock valued at $717,506,000 after acquiring an additional 1,857,517 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 acquiring an additional 134,277 shares during the last quarter. Contour Asset Management LLC boosted its holdings in shares of Trimble by 4.4% in 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 acquiring an additional 197,913 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Trimble by 9.7% in the 1st quarter. Invesco Ltd. now owns 3,840,550 shares of the scientific and technical instruments company's stock valued at $252,132,000 after acquiring an additional 339,750 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRMB. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Piper Sandler reissued an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. Raymond James Financial reissued an "outperform" rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Oppenheimer increased their price target on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, Trimble currently has a consensus rating of "Buy" and an average target price of $90.50.

Trimble Stock Performance

NASDAQ:TRMB opened at $80.82 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The company has a fifty day moving average of $80.99 and a two-hundred day moving average of $72.25. The stock has a market capitalization of $19.23 billion, a PE ratio of 69.67, a P/E/G ratio of 3.37 and a beta of 1.69. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50.

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

Insiders Place Their Bets

In other news, VP Mark David Schwartz sold 1,476 shares of the stock in a transaction dated 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 directly owned 22,405 shares in the company, valued at $1,747,590. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Allison sold 3,156 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the completion of the sale, the vice president owned 2,882 shares of the company's stock, valued at $230,560. This trade represents a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,383 shares of company stock worth $18,529,318. Company insiders own 0.54% of the company's stock.

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.

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