Trimble Inc. $TRMB Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Trimble Inc. by 1.9%, selling 44,216 shares, and now holds approximately $149.85 million worth, equivalent to about 0.96% of the company.
• Trimble's recent earnings report showed earnings of $0.71 per share, surpassing estimates, with a revenue of $875.70 million, higher than the projected $835.81 million.
• Several institutional investors have increased their positions in Trimble, with a total of 93.21% of the company's stock being owned by institutions and hedge funds.

Dimensional Fund Advisors LP reduced its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,282,724 shares of the scientific and technical instruments company's stock after selling 44,216 shares during the quarter. Dimensional Fund Advisors LP owned about 0.96% of Trimble worth $149,845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TRMB. Horizon Investments LLC grew its holdings in shares of Trimble by 5.6% during the first quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company's stock valued at $232,000 after buying an additional 188 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Trimble in the 1st quarter valued at $660,000. Kovitz Investment Group Partners LLC increased its position in shares of Trimble by 0.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 38,168 shares of the scientific and technical instruments company's stock valued at $2,506,000 after acquiring an additional 292 shares during the period. Boston Partners increased its position in shares of Trimble by 7.9% in the 1st quarter. Boston Partners now owns 3,644,965 shares of the scientific and technical instruments company's stock valued at $237,884,000 after acquiring an additional 267,829 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Trimble by 11.5% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,023 shares of the scientific and technical instruments company's stock valued at $592,000 after acquiring an additional 929 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trimble

In related news, VP Mark David Schwartz sold 1,404 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $112,320.00. Following the completion of the transaction, the vice president owned 21,001 shares in the company, valued at $1,680,080. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Allison sold 3,156 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $252,480.00. Following the transaction, the vice president owned 2,882 shares of the company's stock, valued at approximately $230,560. This trade represents a 52.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,383 shares of company stock valued at $18,529,318 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Trimble Price Performance

Shares of TRMB stock traded up $2.31 during mid-day trading on Friday, hitting $82.58. 880,334 shares of the stock were exchanged, compared to its average volume of 1,975,415. The firm has a fifty day moving average of $80.02 and a 200 day moving average of $71.98. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a market cap of $19.65 billion, a PE ratio of 71.19, a price-to-earnings-growth ratio of 3.39 and a beta of 1.69.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. During the same period in the prior year, the company posted $0.62 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. Research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRMB has been the topic of several research reports. Oppenheimer upped their target price on Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Piper Sandler reissued an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Raymond James Financial reaffirmed an "outperform" rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $95.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.