Brown Advisory Inc. Sells 3,884 Shares of Trimble Inc. (NASDAQ:TRMB)

Brown Advisory Inc. trimmed its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,162 shares of the scientific and technical instruments company's stock after selling 3,884 shares during the period. Brown Advisory Inc.'s holdings in Trimble were worth $5,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank increased its position in Trimble by 10.4% in the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock worth $125,000 after buying an additional 167 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Trimble by 8.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,610 shares of the scientific and technical instruments company's stock worth $184,000 after purchasing an additional 193 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Trimble by 0.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 37,876 shares of the scientific and technical instruments company's stock worth $2,676,000 after purchasing an additional 193 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Trimble by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company's stock worth $1,386,000 after purchasing an additional 210 shares in the last quarter. Finally, Simmons Bank grew its stake in shares of Trimble by 1.4% in the first quarter. Simmons Bank now owns 15,989 shares of the scientific and technical instruments company's stock worth $1,050,000 after purchasing an additional 214 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRMB. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trimble presently has a consensus rating of "Buy" and an average price target of $89.43.

Trimble Trading Down 1.0%

TRMB traded down $0.84 during trading on Friday, reaching $79.99. The company had a trading volume of 1,207,091 shares, compared to its average volume of 1,404,637. The firm's 50-day simple moving average is $72.69 and its 200 day simple moving average is $70.03. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.45 and a beta of 1.67. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $81.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 9.87% and a net margin of 42.40%. Trimble's revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Buying and Selling at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $78.86, for a total value of $591,450.00. Following the completion of the sale, the chief executive officer owned 114,879 shares of the company's stock, valued at approximately $9,059,357.94. The trade was a 6.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kaigham Gabriel sold 6,511 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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. The trade was a 26.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,487 shares of company stock valued at $1,173,352 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.