Trimble Inc. (NASDAQ:TRMB) Stock Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 53.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,764 shares of the scientific and technical instruments company's stock after buying an additional 24,528 shares during the quarter. SG Americas Securities LLC's holdings in Trimble were worth $4,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its stake in Trimble by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock worth $1,623,000 after acquiring an additional 141 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings 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 during the period. SRS Capital Advisors Inc. raised its position in Trimble by 12.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock valued at $93,000 after purchasing an additional 149 shares in the last quarter. M&T Bank Corp raised its position in 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 raised its position in shares of Trimble by 10.4% in the 4th 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. Institutional investors own 93.21% of the company's stock.

Insider Activity at Trimble

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the transaction, the director now owns 17,939 shares in the company, valued at $1,286,046.91. The trade was a 26.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

Trimble Stock Performance

TRMB traded down $1.28 on Friday, reaching $71.08. The company had a trading volume of 753,171 shares, compared to its average volume of 1,376,577. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock has a market capitalization of $16.96 billion, a PE ratio of 11.67, a P/E/G ratio of 3.09 and a beta of 1.68. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $66.30 and a 200-day moving average price of $69.65.

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, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, research analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. Finally, Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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.