Tidal Investments LLC Purchases 258,266 Shares of Trimble Inc. (NASDAQ:TRMB)

Tidal Investments LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1,178.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 280,179 shares of the scientific and technical instruments company's stock after purchasing an additional 258,266 shares during the quarter. Tidal Investments LLC owned approximately 0.11% of Trimble worth $19,797,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. bought a new position in shares of Trimble during the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the 4th quarter worth about $36,000. Larson Financial Group LLC boosted its stake in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 343 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Insider Activity

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $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 insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Wall Street Zen cut shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. One equities 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 MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $88.43.

Trimble Stock Performance

NASDAQ:TRMB traded up $0.03 during midday trading on Thursday, reaching $70.79. The stock had a trading volume of 864,651 shares, compared to its average volume of 1,394,533. The stock has a market cap of $16.89 billion, a P/E ratio of 11.62, a P/E/G ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a fifty day simple moving average of $64.44 and a two-hundred day simple moving average of $69.55. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm 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%. The firm's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. On average, equities analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

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.