Charles Schwab Investment Management Inc. Buys 32,632 Shares of Trimble Inc. (NASDAQ:TRMB)

Charles Schwab Investment Management Inc. lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,113,260 shares of the scientific and technical instruments company's stock after buying an additional 32,632 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.89% of Trimble worth $138,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division lifted its position in 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 worth $37,000 after acquiring an additional 355 shares during the last quarter. Putney Financial Group LLC acquired a new stake in Trimble during the 4th quarter worth approximately $51,000. Quarry LP boosted its stake in Trimble by 121.8% in the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 402 shares during the period. Farther Finance Advisors LLC grew its holdings in Trimble by 153.5% in the 1st 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 in the last quarter. Finally, Friedenthal Financial increased its position in Trimble by 64.7% during the 1st quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 453 shares during the period. Institutional investors own 93.21% of the company's stock.

Trimble Price Performance

Shares of NASDAQ TRMB traded up $1.02 during trading hours on Tuesday, hitting $83.61. 1,554,608 shares of the stock were exchanged, compared to its average volume of 2,070,572. The company's fifty day simple moving average is $78.40 and its two-hundred day simple moving average is $71.58. The company has a market cap of $19.90 billion, a PE ratio of 72.08, a price-to-earnings-growth ratio of 3.50 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a 1-year low of $52.22 and a 1-year high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last issued 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. Trimble had a return on equity of 10.24% and a net margin of 8.02%. The firm had revenue of $875.70 million for the quarter, compared to the consensus estimate of $835.81 million. During the same quarter last year, the business posted $0.62 EPS. The company's revenue was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In related news, VP Mark David Schwartz sold 1,404 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $112,320.00. Following the completion of the transaction, the vice president owned 21,001 shares of the company's stock, valued at $1,680,080. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Allison sold 3,156 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the sale, the vice president owned 2,882 shares in the company, valued at $230,560. This represents a 52.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,894 shares of company stock valued at $18,996,091. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on TRMB shares. Raymond James Financial restated an "outperform" rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Saturday. 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 raised their price objective on Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $90.50.

Trimble Company 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.