Trimble Inc. (NASDAQ:TRMB) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,848 shares of the scientific and technical instruments company's stock after selling 6,588 shares during the quarter. Teza Capital Management LLC's holdings in Trimble were worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Trimble by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after buying an additional 183,150 shares during the last quarter. Select Equity Group L.P. raised its stake in Trimble by 22.4% in the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock valued at $717,506,000 after buying an additional 1,857,517 shares during the last quarter. Geode Capital Management LLC raised its stake in Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after buying an additional 138,136 shares during the last quarter. Victory Capital Management Inc. raised its stake in Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after buying an additional 222,679 shares during the last quarter. Finally, Contour Asset Management LLC raised its stake in Trimble by 4.4% in the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock valued at $330,772,000 after buying an additional 197,913 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Trimble Stock Performance

TRMB stock traded down $1.55 during trading on Wednesday, hitting $70.76. 868,425 shares of the company traded hands, compared to its average volume of 1,396,653. The stock's 50-day simple moving average is $64.44 and its 200 day simple moving average is $69.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market cap of $16.88 billion, a PE ratio of 11.62, a P/E/G ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

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 company had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. Trimble had a return on equity of 10.56% and a net margin of 40.84%. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. On average, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research note on Thursday, May 8th. Cfra upgraded 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. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Finally, StockNews.com cut Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One research 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. According to MarketBeat.com, Trimble currently has a consensus rating of "Buy" and an average price target of $88.43.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction that occurred 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 directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm's 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 disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.