Tredje AP fonden Has $20.58 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Tredje AP fonden boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 54.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,453 shares of the scientific and technical instruments company's stock after purchasing an additional 110,200 shares during the period. Tredje AP fonden owned approximately 0.13% of Trimble worth $20,578,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Central Pacific Bank Trust Division increased its position in shares of Trimble by 174.9% in the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 355 shares in the last quarter. Putney Financial Group LLC acquired a new stake in Trimble during the 4th quarter valued at $51,000. Quarry LP grew its holdings in Trimble by 121.8% during the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 402 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Trimble by 153.5% during the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock worth $64,000 after acquiring an additional 591 shares in the last quarter. Finally, Friedenthal Financial grew its holdings in Trimble by 64.7% during the 1st quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock worth $76,000 after acquiring an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Performance

Trimble stock traded down $1.25 on Friday, hitting $82.64. The company's stock had a trading volume of 2,156,246 shares, compared to its average volume of 1,552,027. The firm has a market cap of $19.72 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 3.63 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $76.47 and a 200-day moving average price of $71.16. Trimble Inc. has a one year low of $48.65 and a one year high of $86.42.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, equities analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Activity at Trimble

In related news, VP Mark David Schwartz sold 1,476 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total transaction of $115,128.00. Following the transaction, the vice president owned 22,405 shares in the company, valued at $1,747,590. This represents a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Allison sold 3,156 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the transaction, the vice president owned 2,882 shares in the company, valued at approximately $230,560. The trade was a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,047 shares of company stock worth $1,538,152 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent research reports. Piper Sandler restated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Oppenheimer lifted their price objective on shares of Trimble from $81.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report 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 data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $89.14.

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.