Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,081 shares of the scientific and technical instruments company's stock, valued at approximately $465,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble during the fourth quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in Trimble during the 4th quarter worth approximately $36,000. Central Pacific Bank Trust Division increased its stake in Trimble by 174.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on TRMB shares. Wall Street Zen downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Piper Sandler restated an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. 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 company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $88.43.
View Our Latest Report on Trimble
Trimble Price Performance
NASDAQ TRMB traded up $0.51 on Friday, hitting $75.54. The company had a trading volume of 205,910 shares, compared to its average volume of 1,492,851. 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 company's fifty day moving average price is $68.81 and its 200-day moving average price is $69.60. The company has a market capitalization of $18.02 billion, a PE ratio of 12.32, a PEG ratio of 3.16 and a beta of 1.68. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.
Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a return on equity of 9.87% and a net margin of 42.40%. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. As a group, analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Kaigham Gabriel sold 6,511 shares of the business'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 transaction, the director now directly owns 17,939 shares in the company, valued at $1,286,046.91. The trade was a 26.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
About Trimble
(
Free Report)
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.
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