Chilton Capital Management LLC Has $24.99 Million Position in Trimble Inc. (NASDAQ:TRMB)

Chilton Capital Management LLC increased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,623 shares of the scientific and technical instruments company's stock after purchasing an additional 27,135 shares during the quarter. Chilton Capital Management LLC owned approximately 0.15% of Trimble worth $24,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Trimble by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock valued at $26,560,000 after buying an additional 17,785 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Trimble by 7.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company's stock valued at $2,355,000 after acquiring an additional 2,397 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Trimble by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock worth $1,580,000 after acquiring an additional 5,472 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Trimble by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company's stock valued at $346,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Trimble by 15.4% during the 4th quarter. Atria Investments Inc now owns 4,022 shares of the scientific and technical instruments company's stock valued at $284,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Stock Down 0.3%

Shares of NASDAQ TRMB traded down $0.25 during mid-day trading on Monday, reaching $78.63. The company had a trading volume of 1,269,839 shares, compared to its average volume of 1,393,365. 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 Inc. has a twelve month low of $48.65 and a twelve month high of $79.31. The stock's 50 day moving average is $71.32 and its 200-day moving average is $69.77. The stock has a market capitalization of $18.76 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 3.36 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $88.43.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the sale, the director owned 17,939 shares in the company, valued at $1,286,046.91. This represents a 26.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

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.