Lbp Am Sa Acquires 39,523 Shares of Trimble Inc. (NASDAQ:TRMB)

LBP AM SA lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 52.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,454 shares of the scientific and technical instruments company's stock after acquiring 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 SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Trimble during the 4th quarter worth $36,000. Central Pacific Bank Trust Division grew its stake in shares of Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 355 shares in the last quarter. Larson Financial Group LLC grew 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 valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Trimble during the fourth quarter valued at about $51,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of Trimble stock traded up $1.21 during trading hours on Thursday, reaching $80.83. The company's stock had a trading volume of 1,546,863 shares, compared to its average volume of 1,403,561. The company's 50 day simple moving average is $72.01 and its 200 day simple moving average is $69.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. Trimble Inc. has a one year low of $48.65 and a one year high of $81.63. The stock has a market cap of $19.29 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 3.38 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly 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. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. During the same period last year, the firm posted $0.64 EPS. The company's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Piper Sandler reiterated an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Trimble from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trimble currently has an average rating of "Buy" and a consensus target price of $89.43.

Insider Buying and Selling at Trimble

In related news, VP Mark David Schwartz sold 1,476 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total transaction of $115,128.00. Following the completion of the sale, the vice president directly owned 22,405 shares in the company, valued at approximately $1,747,590. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kaigham Gabriel sold 6,511 shares of the firm'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 sale, the director owned 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This represents a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,487 shares of company stock valued at $1,173,352. Company insiders own 0.54% of the company's stock.

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.