Norris Perne & French LLP MI Has $22.63 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Norris Perne & French LLP MI lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 18.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,701 shares of the scientific and technical instruments company's stock after selling 80,029 shares during the quarter. Trimble accounts for about 1.7% of Norris Perne & French LLP MI's investment portfolio, making the stock its 21st largest position. Norris Perne & French LLP MI owned 0.14% of Trimble worth $22,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Trimble by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after acquiring an additional 17,785 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Trimble by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock worth $1,580,000 after purchasing an additional 5,472 shares in the last quarter. Atria Investments Inc lifted its holdings in Trimble by 15.4% during the 4th quarter. Atria Investments Inc now owns 4,022 shares of the scientific and technical instruments company's stock valued at $284,000 after purchasing an additional 537 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Trimble by 34.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 38,534 shares of the scientific and technical instruments company's stock valued at $2,686,000 after purchasing an additional 9,813 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Trimble by 17.9% in the fourth quarter. HighTower Advisors LLC now owns 47,216 shares of the scientific and technical instruments company's stock valued at $3,336,000 after buying an additional 7,152 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Stock Down 0.1%

NASDAQ TRMB opened at $71.70 on Thursday. The stock has a market capitalization of $17.11 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 3.06 and a beta of 1.68. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. The stock has a fifty day moving average of $67.06 and a 200-day moving average of $69.66.

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

Insider Buying and Selling

In other news, Director Kaigham Gabriel sold 6,511 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total value of $466,773.59. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Cfra upgraded 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. Finally, Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Trimble has a consensus rating of "Buy" and a consensus price target of $88.43.

About Trimble

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.

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.