OMERS ADMINISTRATION Corp Sells 4,079 Shares of Trimble Inc. (NASDAQ:TRMB)

OMERS ADMINISTRATION Corp decreased its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 28.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,378 shares of the scientific and technical instruments company's stock after selling 4,079 shares during the period. OMERS ADMINISTRATION Corp's holdings in Trimble were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Cullen Frost Bankers Inc. boosted its stake in shares of Trimble by 0.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock valued at $1,623,000 after buying an additional 141 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Trimble by 0.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock valued at $2,017,000 after acquiring an additional 141 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Trimble by 12.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock worth $93,000 after acquiring an additional 149 shares during the period. M&T Bank Corp boosted its position in shares of Trimble by 1.6% during the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock valued at $717,000 after purchasing an additional 156 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Trimble by 10.4% in the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock worth $125,000 after acquiring an additional 167 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Up 0.9%

NASDAQ TRMB traded up $0.62 during trading on Tuesday, hitting $72.31. The stock had a trading volume of 1,566,472 shares, compared to its average volume of 1,397,051. The company's 50-day moving average price is $64.41 and its two-hundred day moving average price is $69.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $17.25 billion, a PE ratio of 11.87, a P/E/G ratio of 3.09 and a beta of 1.67. 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 analysts' consensus estimates of $0.60 by $0.01. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The company had revenue of $840.60 million during the quarter, compared to the consensus estimate of $810.45 million. During the same period in the prior year, the business posted $0.64 EPS. The company's quarterly revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This represents a 17.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Piper Sandler reissued an "overweight" rating and issued a $84.00 target price 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 price target for the company in a research note on Thursday, February 20th. Finally, Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $88.43.

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.