Trimble Inc. (NASDAQ:TRMB) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,994 shares of the scientific and technical instruments company's stock after acquiring an additional 20,498 shares during the period. Asset Management One Co. Ltd. owned approximately 0.08% of Trimble worth $13,261,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Crowley Wealth Management Inc. acquired a new stake in Trimble in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of Trimble in the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter valued at $36,000. Central Pacific Bank Trust Division lifted its holdings 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 valued at $37,000 after buying an additional 355 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 6,511 shares of the company's 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 transaction, the director now directly owns 17,939 shares of the company's stock, valued at approximately $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRMB. 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 target price on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Trimble presently has a consensus rating of "Buy" and an average target price of $88.43.

Trimble Trading Up 1.2%

Shares of TRMB opened at $75.03 on Friday. The business's 50-day moving average price is $68.81 and its 200 day moving average price is $69.60. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $17.90 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.16 and a beta of 1.68. 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 earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping 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 net margin of 42.40% and a return on equity of 9.87%. The business's revenue for the quarter was down 11.8% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. Analysts expect that Trimble Inc. will post 2.37 earnings per share 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.

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