Trimble Inc. (NASDAQ:TRMB) Shares Sold by Davidson Investment Advisors

Davidson Investment Advisors trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 255,513 shares of the scientific and technical instruments company's stock after selling 11,597 shares during the quarter. Davidson Investment Advisors owned about 0.10% of Trimble worth $16,774,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Trimble by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 283,216 shares of the scientific and technical instruments company's stock valued at $18,593,000 after buying an additional 10,201 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Trimble by 17.1% in the 1st quarter. Penserra Capital Management LLC now owns 38,466 shares of the scientific and technical instruments company's stock valued at $2,524,000 after purchasing an additional 5,605 shares during the last quarter. Chilton Capital Management LLC raised its position in shares of Trimble by 7.7% in the 1st quarter. Chilton Capital Management LLC now owns 380,623 shares of the scientific and technical instruments company's stock valued at $24,988,000 after purchasing an additional 27,135 shares during the last quarter. Argentarii LLC purchased a new position in shares of Trimble in the 1st quarter valued at approximately $334,000. Finally, Simmons Bank raised its position in shares of Trimble by 1.4% in the 1st quarter. Simmons Bank now owns 15,989 shares of the scientific and technical instruments company's stock valued at $1,050,000 after purchasing an additional 214 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRMB. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $88.43.

Insider Buying and Selling

In other news, VP Mark David Schwartz sold 1,476 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total transaction of $115,128.00. Following the sale, the vice president owned 22,405 shares of the company's stock, valued at $1,747,590. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kaigham Gabriel sold 6,511 shares of the firm'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 transaction of $466,773.59. Following the sale, the director directly owned 17,939 shares in the company, 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. 0.54% of the stock is owned by company insiders.

Trimble Stock Performance

TRMB traded up $0.30 during trading on Wednesday, reaching $79.62. 1,319,485 shares of the company's stock were exchanged, compared to its average volume of 1,400,770. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $79.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. The stock has a market capitalization of $19.00 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.67. The company's fifty day simple moving average is $72.01 and its 200-day simple moving average is $69.91.

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