Siemens Fonds Invest GmbH Takes $928,000 Position in Trimble Inc. (NASDAQ:TRMB)

Siemens Fonds Invest GmbH acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,140 shares of the scientific and technical instruments company's stock, valued at approximately $928,000.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV grew its holdings in shares of Trimble by 81.9% during the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after purchasing an additional 71,891 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Trimble by 5.0% in the 4th 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 buying an additional 17,785 shares in the last quarter. Wellington Management Group LLP grew its stake in Trimble by 32.4% in 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 buying an additional 5,472 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Trimble by 34.1% in the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company's stock worth $963,000 after buying an additional 3,465 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Trimble by 3,560.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company's stock worth $1,185,000 after acquiring an additional 16,307 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm'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 completion of the sale, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. The trade was a 17.40% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Oppenheimer raised their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Cfra raised shares of 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. One investment 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 company's stock. According to MarketBeat.com, Trimble currently has a consensus rating of "Buy" and an average price target of $88.43.

Trimble Trading Down 2.1%

Shares of NASDAQ:TRMB traded down $1.55 during trading on Wednesday, reaching $70.76. 868,425 shares of the company traded hands, compared to its average volume of 1,396,653. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 3.09 and a beta of 1.67. The business's fifty day moving average is $64.41 and its 200-day moving average is $69.54.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. As a group, analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

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.