13,140 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,140 shares of the scientific and technical instruments company's stock, valued at approximately $928,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock worth $46,151,000 after purchasing an additional 30,457 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Trimble in the fourth quarter worth about $596,000. Brighton Jones LLC bought a new stake in Trimble in the fourth quarter worth about $211,000. PFG Investments LLC bought a new stake in Trimble in the fourth quarter worth about $204,000. Finally, Blue Trust Inc. lifted its stake in Trimble by 93.7% in the fourth quarter. Blue Trust Inc. now owns 2,400 shares of the scientific and technical instruments company's stock worth $170,000 after purchasing an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRMB shares. Piper Sandler reissued an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research note 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 note on Thursday, February 20th. Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $88.43.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,939 shares of the company's stock, valued at $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Trimble Trading Down 0.9%

Shares of Trimble stock traded down $0.66 on Friday, hitting $71.00. 2,798,392 shares of the company traded hands, compared to its average volume of 1,402,390. The stock's 50 day moving average price is $64.48 and its 200-day moving average price is $69.63. 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 company has a market cap of $16.94 billion, a PE ratio of 11.66, a PEG ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last posted 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. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm had revenue of $840.60 million during the quarter, compared to the consensus estimate of $810.45 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company's revenue was down 11.8% on a year-over-year basis. Equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

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.