Trimble Inc. (NASDAQ:TRMB) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 275,671 shares of the scientific and technical instruments company's stock after buying an additional 25,227 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.12% of Trimble worth $18,098,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in shares of Trimble during the fourth quarter worth approximately $28,000. Central Pacific Bank Trust Division increased its stake in shares of Trimble by 174.9% in 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 acquiring an additional 355 shares during the last quarter. Putney Financial Group LLC bought a new stake in shares of Trimble in the 4th quarter valued at about $51,000. Quarry LP increased its stake in Trimble by 121.8% in the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 402 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Trimble by 153.5% in the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock valued at $64,000 after purchasing an additional 591 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Oppenheimer raised their target price on shares of Trimble from $81.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Piper Sandler reiterated an "overweight" rating and set a $84.00 target price on shares of Trimble 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $89.14.

Trimble Price Performance

Shares of TRMB stock traded up $1.35 on Thursday, hitting $82.02. 1,517,393 shares of the company's stock were exchanged, compared to its average volume of 1,412,637. The stock has a market cap of $19.57 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 3.44 and a beta of 1.67. 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 has a 50 day moving average of $73.91 and a 200 day moving average of $70.28. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $82.14.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $810.45 million. During the same quarter in the prior year, the business posted $0.64 EPS. The firm's revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Insider Buying and Selling

In other news, VP Mark David Schwartz sold 1,476 shares of Trimble stock in a transaction 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 of the company's stock, valued at approximately $1,747,590. The trade was a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert G. Painter sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $78.86, for a total value of $591,450.00. Following the completion of the sale, the chief executive officer owned 114,879 shares of the company's stock, valued at $9,059,357.94. The trade was a 6.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,047 shares of company stock worth $1,538,152 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.