Congress Asset Management Co. Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Congress Asset Management Co. increased its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,636 shares of the scientific and technical instruments company's stock after buying an additional 3,747 shares during the period. Congress Asset Management Co. owned 0.06% of Trimble worth $10,086,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Crowley Wealth Management Inc. bought a new position in shares of Trimble in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble in the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in Trimble in the fourth quarter worth $36,000. Central Pacific Bank Trust Division raised its holdings in Trimble by 174.9% in 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 purchasing an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares during the period. 93.21% of the stock is owned by institutional investors.

Insider Activity at Trimble

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of Trimble stock in a transaction 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 completion of the sale, the director now owns 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This trade represents a 26.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. upped their target price on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Piper Sandler restated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Finally, Wall Street Zen cut 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $88.43.

Trimble Stock Down 0.4%

Trimble stock traded down $0.30 during mid-day trading on Wednesday, reaching $72.50. The stock had a trading volume of 950,572 shares, compared to its average volume of 1,392,802. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a 50-day moving average price of $65.33 and a two-hundred day moving average price of $69.66. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 3.09 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The business had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. During the same period in the previous year, the company earned $0.64 earnings per share. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

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.