Lbp Am Sa Raises Stock Position in Trimble Inc. (NASDAQ:TRMB)

LBP AM SA grew its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,454 shares of the scientific and technical instruments company's stock after buying an additional 39,523 shares during the period. LBP AM SA's holdings in Trimble were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after buying an additional 183,150 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Trimble by 22.4% during the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock valued at $717,506,000 after buying an additional 1,857,517 shares in the last quarter. Geode Capital Management LLC grew its holdings in Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after purchasing an additional 138,136 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Trimble by 2.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock valued at $390,909,000 after purchasing an additional 134,277 shares during the last quarter. Finally, Contour Asset Management LLC grew its holdings in Trimble by 4.4% during the 4th quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock valued at $330,772,000 after purchasing an additional 197,913 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 6,511 shares of the firm's stock in a transaction 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 sale, the director owned 17,939 shares in the company, valued at approximately $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $78.86, for a total transaction of $591,450.00. Following the sale, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,059,357.94. This represents a 6.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,487 shares of company stock worth $1,173,352 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRMB shares. 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. JPMorgan Chase & Co. upped their target price on shares of Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $89.43.

Trimble Stock Performance

Shares of NASDAQ TRMB traded down $0.80 during midday trading on Friday, reaching $80.03. The company had a trading volume of 494,967 shares, compared to its average volume of 1,400,001. The business's 50-day simple moving average is $72.38 and its 200 day simple moving average is $69.97. The stock has a market cap of $19.09 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.40 and a beta of 1.67. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $81.66. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.26.

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