Trimble Inc. $TRMB Shares Bought by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC significantly increased its stake in Trimble Inc. by 284.1% in Q1, holding 14,739 shares valued at approximately $968,000, making it the 5th largest position in their portfolio.
• Insider trading activity saw CEO Robert G. Painter selling 115,781 shares, reducing his ownership by 50.20%, while total insider sales over the last 90 days amounted to 222,383 shares valued at over $18 million.
• Analyst ratings for Trimble remain positive, with updates from several firms raising target prices, including Oppenheimer and JPMorgan Chase, indicating strong market confidence in the company's growth.

EntryPoint Capital LLC increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 284.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,739 shares of the scientific and technical instruments company's stock after purchasing an additional 10,902 shares during the period. Trimble accounts for about 0.4% of EntryPoint Capital LLC's holdings, making the stock its 5th biggest holding. EntryPoint Capital LLC's holdings in Trimble were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its stake 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 worth $232,000 after purchasing an additional 188 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Trimble by 0.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 37,876 shares of the scientific and technical instruments company's stock valued at $2,676,000 after buying an additional 193 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Trimble by 1.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company's stock worth $1,386,000 after acquiring an additional 210 shares in the last quarter. Simmons Bank boosted its holdings in Trimble by 1.4% in the 1st quarter. Simmons Bank now owns 15,989 shares of the scientific and technical instruments company's stock worth $1,050,000 after acquiring an additional 214 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Trimble by 0.5% in the first quarter. Nisa Investment Advisors LLC now owns 61,673 shares of the scientific and technical instruments company's stock valued at $4,049,000 after acquiring an additional 290 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TRMB shares. Oppenheimer boosted their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on Trimble from $95.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $93.00 price target (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $90.50.

Insiders Place Their Bets

In other news, CEO Robert G. Painter sold 115,781 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the transaction, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,156 shares of the business'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 $252,480.00. Following the sale, the vice president directly owned 2,882 shares of the company's stock, valued at approximately $230,560. This represents a 52.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,383 shares of company stock valued at $18,529,318. Company insiders own 0.54% of the company's stock.

Trimble Stock Up 2.9%

Shares of TRMB stock traded up $2.31 during trading hours on Friday, hitting $82.58. 880,334 shares of the company were exchanged, compared to its average volume of 1,975,415. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 71.19, a P/E/G ratio of 3.39 and a beta of 1.69. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The business's 50-day simple moving average is $80.02 and its two-hundred day simple moving average is $71.98.

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

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.