Blair William & Co. IL Has $11.03 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Key Points

• Blair William & Co. IL reduced its holdings in Trimble Inc. by 2.7%, now owning approximately 167,931 shares worth $11,025,000.
• Insider trading activity revealed that VP Mark David Schwartz and CEO Robert G. Painter sold a combined total of 8,904 shares, indicating a decrease of 6.27% and 6.13% in their positions, respectively.
• Analysts have issued varied ratings, with JPMorgan Chase & Co. raising their price target on Trimble from $88.00 to $95.00, while one analyst rated it as a "hold" and six have assigned "buy" ratings.

Blair William & Co. IL cut its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,931 shares of the scientific and technical instruments company's stock after selling 4,717 shares during the period. Blair William & Co. IL owned 0.07% of Trimble worth $11,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Trimble during the 4th quarter worth $211,000. American Century Companies Inc. increased its stake in Trimble by 18.1% in the 4th quarter. American Century Companies Inc. now owns 15,421 shares of the scientific and technical instruments company's stock worth $1,090,000 after purchasing an additional 2,360 shares in the last quarter. LPL Financial LLC lifted its position in shares of Trimble by 95.2% in the 4th quarter. LPL Financial LLC now owns 44,839 shares of the scientific and technical instruments company's stock valued at $3,168,000 after acquiring an additional 21,871 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Trimble by 17.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,595 shares of the scientific and technical instruments company's stock valued at $395,000 after purchasing an additional 841 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Trimble by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock valued at $1,580,000 after acquiring an additional 5,472 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price target on shares of Trimble in a research note on Thursday, May 8th. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Raymond James Financial reiterated an "outperform" rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a research note on Thursday. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Trimble presently has an average rating of "Buy" and an average target price of $90.50.

Insider Activity

In related news, VP Jennifer Allison sold 3,156 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $252,480.00. Following the transaction, the vice president directly owned 2,882 shares of the company's stock, valued at approximately $230,560. The trade was a 52.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $78.86, for a total transaction of $591,450.00. Following the completion of the transaction, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,059,357.94. This represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,047 shares of company stock valued at $1,538,152 in the last 90 days. 0.54% of the stock is owned by company insiders.

Trimble Stock Down 1.9%

Shares of NASDAQ TRMB traded down $1.61 during mid-day trading on Thursday, reaching $82.52. 2,236,581 shares of the company's stock were exchanged, compared to its average volume of 1,937,681. Trimble Inc. has a twelve month low of $50.76 and a twelve month high of $87.50. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 71.14, a PEG ratio of 3.58 and a beta of 1.69. The business has a fifty day simple moving average of $77.67 and a 200 day simple moving average of $71.49.

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 (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The firm had revenue of $875.70 million for the quarter, compared to the consensus estimate of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. As a group, equities analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

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.