Trimble Inc. (NASDAQ:TRMB) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,532,255 shares of the scientific and technical instruments company's stock after acquiring an additional 134,277 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.25% of Trimble worth $390,909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its stake in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock worth $46,151,000 after purchasing an additional 30,457 shares during the last quarter. Merit Financial Group LLC bought a new stake in Trimble in the fourth quarter worth about $602,000. MassMutual Private Wealth & Trust FSB lifted its stake in Trimble by 3,560.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company's stock worth $1,185,000 after purchasing an additional 16,307 shares during the last quarter. Trust Asset Management LLC bought a new stake in Trimble in the fourth quarter worth about $203,000. Finally, Lmcg Investments LLC bought a new stake in Trimble in the fourth quarter worth about $3,283,000. Institutional investors own 93.21% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,361 shares of company stock valued at $1,031,524 over the last ninety days. 0.54% of the stock is owned by company insiders.

Trimble Stock Down 0.3%

TRMB stock traded down $0.24 during trading on Friday, hitting $70.55. 929,216 shares of the company's stock traded hands, compared to its average volume of 1,391,570. The firm has a market capitalization of $16.83 billion, a P/E ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.67. The business has a fifty day simple moving average of $64.46 and a two-hundred day simple moving average of $69.68. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. 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 quarterly earnings data 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 net margin of 40.84% and a return on equity of 10.56%. Trimble's 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. Sell-side analysts anticipate that Trimble Inc. will post 2.37 EPS 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.