Cwm LLC Has $2.63 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

CWM LLC increased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,008 shares of the scientific and technical instruments company's stock after purchasing an additional 4,424 shares during the quarter. CWM LLC's holdings in Trimble were worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after acquiring an additional 183,150 shares during the last quarter. Select Equity Group L.P. raised its holdings in shares of Trimble by 22.4% during the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock worth $717,506,000 after purchasing an additional 1,857,517 shares during the period. Geode Capital Management LLC raised its holdings in shares of Trimble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after purchasing an additional 138,136 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Trimble by 2.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock worth $390,909,000 after purchasing an additional 134,277 shares during the period. Finally, Contour Asset Management LLC raised its holdings in shares of Trimble by 4.4% during the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock worth $330,772,000 after purchasing an additional 197,913 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trimble

In other news, VP Mark David Schwartz sold 1,476 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total transaction of $115,128.00. Following the completion of the transaction, the vice president owned 22,405 shares in the company, valued at approximately $1,747,590. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kaigham Gabriel sold 6,511 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the transaction, the director owned 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 disclosure for this sale can be found here. Insiders sold a total of 20,047 shares of company stock worth $1,538,152 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Trimble Price Performance

Trimble stock traded up $0.02 during trading hours on Friday, hitting $82.04. 1,597,190 shares of the company traded hands, compared to its average volume of 1,416,063. The firm has a market cap of $19.57 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.49 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The firm's 50-day simple moving average is $74.19 and its two-hundred day simple moving average is $70.36. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $82.44.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Piper Sandler reissued an "overweight" rating and set a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. Wall Street Zen cut shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Oppenheimer increased their price objective on shares of Trimble from $81.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $89.14.

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.