Czech National Bank Grows Position in Trimble Inc. (NASDAQ:TRMB)

Czech National Bank boosted its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,454 shares of the scientific and technical instruments company's stock after buying an additional 3,504 shares during the period. Czech National Bank's holdings in Trimble were worth $3,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TRMB. Norges Bank purchased a new stake in Trimble in the fourth quarter valued at approximately $190,391,000. Boston Partners lifted its holdings in Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after acquiring an additional 2,312,937 shares during the period. Select Equity Group L.P. lifted its holdings 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 acquiring an additional 1,857,517 shares during the period. TimesSquare Capital Management LLC acquired a new position in Trimble in the fourth quarter valued at approximately $50,041,000. Finally, JPMorgan Chase & Co. lifted its holdings in Trimble by 69.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock valued at $89,837,000 after acquiring an additional 520,980 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

TRMB has been the subject of a number of analyst reports. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Oppenheimer upped their target price on 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. boosted their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $88.43.

Trimble Price Performance

Shares of NASDAQ:TRMB traded down $0.51 during trading on Thursday, reaching $71.16. The stock had a trading volume of 1,243,944 shares, compared to its average volume of 1,401,747. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The business has a fifty day moving average price of $64.72 and a 200-day moving average price of $69.63. The stock has a market cap of $16.98 billion, a PE ratio of 11.68, a PEG 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 issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) 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%. The firm's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Trimble

In other news, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the transaction, the director now directly owns 17,939 shares in the company, valued at approximately $1,286,046.91. This represents a 26.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

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.