Versant Capital Management Inc Has $582,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

Versant Capital Management Inc boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 369.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,861 shares of the scientific and technical instruments company's stock after buying an additional 6,975 shares during the quarter. Versant Capital Management Inc's holdings in Trimble were worth $582,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Crowley Wealth Management Inc. purchased a new position in shares of Trimble in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the fourth quarter valued at approximately $36,000. Larson Financial Group LLC raised its holdings in Trimble by 164.8% in 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 acquiring an additional 422 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Trimble during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Up 1.3%

Shares of TRMB stock traded up $0.91 during trading on Tuesday, hitting $71.75. 309,032 shares of the company were exchanged, compared to its average volume of 1,396,265. 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 firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 3.09 and a beta of 1.67. The business's 50-day simple moving average is $64.52 and its 200 day simple moving average is $69.60. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly 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 business had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. As a group, analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the sale, the director now owns 17,939 shares of the company's stock, valued at $1,286,046.91. The trade was a 26.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRMB. JPMorgan Chase & Co. lifted their target price on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Oppenheimer increased their target price on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trimble has an average rating of "Buy" and an average target price of $88.43.

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.