Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 150.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,966 shares of the scientific and technical instruments company's stock after acquiring an additional 5,389 shares during the period. Apollon Wealth Management LLC's holdings in Trimble were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRMB. Crowley Wealth Management Inc. acquired a new position in Trimble during the fourth quarter worth $28,000. Central Pacific Bank Trust Division raised its holdings in Trimble by 174.9% during 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 buying an additional 355 shares during the last quarter. Putney Financial Group LLC acquired a new position in Trimble during the fourth quarter worth $51,000. Quarry LP raised its holdings in Trimble by 121.8% during the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 402 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock worth $64,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 6,511 shares of Trimble stock in a transaction dated 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 sale, the director owned 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jennifer Allison sold 3,156 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $252,480.00. Following the completion of the sale, the vice president owned 2,882 shares of the company's stock, valued at $230,560. This trade represents a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,047 shares of company stock worth $1,538,152. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target 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 increased their target price on shares of Trimble from $81.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday. Piper Sandler restated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of "Buy" and a consensus target price of $89.14.

Trimble Trading Up 0.0%

TRMB stock traded up $0.02 during midday trading on Friday, reaching $82.04. The company's stock had a trading volume of 1,597,190 shares, compared to its average volume of 1,416,063. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. The stock has a fifty day simple moving average of $74.19 and a two-hundred day simple moving average of $70.36. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $82.44. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 3.49 and a beta of 1.67.

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 (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

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.