Trimble Inc. (NASDAQ:TRMB) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lessened its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 68.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,919 shares of the scientific and technical instruments company's stock after selling 28,069 shares during the period. Benjamin Edwards Inc.'s holdings in Trimble were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division grew its holdings in shares of 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 during the last quarter. Putney Financial Group LLC acquired a new position in shares of Trimble during the fourth quarter valued at about $51,000. Quarry LP grew its holdings in shares of Trimble by 121.8% during the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 402 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Trimble by 153.5% during 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 grew its holdings in shares of Trimble by 64.7% during the first quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 453 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Insider Activity

In other news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was 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 in the company, valued at approximately $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark David Schwartz sold 1,476 shares of the company's 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 in the company, valued at approximately $1,747,590. This represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 228,894 shares of company stock valued at $18,996,091. Company insiders own 0.54% of the company's stock.

Trimble Stock Performance

NASDAQ TRMB traded down $1.43 on Friday, reaching $82.24. 2,024,643 shares of the stock were exchanged, compared to its average volume of 2,065,060. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The firm has a market capitalization of $19.57 billion, a PE ratio of 70.90, a PEG ratio of 3.43 and a beta of 1.69. The company's 50-day simple moving average is $79.11 and its two-hundred day simple moving average is $71.77. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its 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. The firm had revenue of $875.70 million during the quarter, compared to analyst estimates of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Trimble's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRMB shares. Raymond James Financial reissued an "outperform" rating and set a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target 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. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Piper Sandler reissued an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. Finally, Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong 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 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.