iSAM Funds UK Ltd Invests $368,000 in Trimble Inc. (NASDAQ:TRMB)

iSAM Funds UK Ltd acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,205 shares of the scientific and technical instruments company's stock, valued at approximately $368,000.

A number of other large investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Trimble by 4.3% during the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after buying an additional 30,457 shares during the last quarter. Merit Financial Group LLC bought a new position in Trimble during the fourth quarter valued at $602,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Trimble by 3,560.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company's stock worth $1,185,000 after purchasing an additional 16,307 shares during the period. Trust Asset Management LLC bought a new position in shares of Trimble during the 4th quarter valued at approximately $203,000. Finally, Lmcg Investments LLC bought a new stake in Trimble in the fourth quarter worth $3,283,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TRMB shares. JPMorgan Chase & Co. raised their price target on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Piper Sandler restated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research note on Thursday, May 8th. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $88.43.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kaigham Gabriel sold 6,511 shares of Trimble stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the transaction, the director now directly owns 17,939 shares in the company, valued at $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Trimble Stock Performance

TRMB stock traded down $0.24 on Monday, reaching $70.55. 929,216 shares of the company were exchanged, compared to its average volume of 1,394,463. The stock's fifty day moving average price is $64.46 and its 200 day moving average price is $69.64. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The firm has a market capitalization of $16.83 billion, a PE ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.67. 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 announced its 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. The company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. On average, research analysts anticipate 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.