Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,371 shares of the scientific and technical instruments company's stock after acquiring an additional 15,038 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Trimble worth $17,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Huntington National Bank increased its holdings in shares of Trimble by 10.4% in the 4th quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock valued at $125,000 after acquiring an additional 167 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Trimble by 0.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 37,876 shares of the scientific and technical instruments company's stock valued at $2,676,000 after acquiring an additional 193 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Trimble by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,113 shares of the scientific and technical instruments company's stock valued at $1,386,000 after acquiring an additional 210 shares during the period. Simmons Bank increased its holdings in shares of Trimble by 1.4% in the 1st quarter. Simmons Bank now owns 15,989 shares of the scientific and technical instruments company's stock valued at $1,050,000 after acquiring an additional 214 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Trimble by 0.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 61,673 shares of the scientific and technical instruments company's stock worth $4,049,000 after purchasing an additional 290 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRMB shares. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Oppenheimer raised their price objective on Trimble from $81.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Piper Sandler reissued an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Thursday, May 8th. 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $89.14.

Trimble Stock Performance

TRMB traded up $1.05 on Friday, reaching $85.24. 1,873,724 shares of the stock were exchanged, compared to its average volume of 1,563,915. The company's 50-day moving average price is $75.41 and its 200 day moving average price is $70.80. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $85.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. The firm has a market capitalization of $20.34 billion, a PE ratio of 13.91, a PEG ratio of 3.59 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The company had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm's revenue was down 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $78.86, for a total transaction of $591,450.00. Following the completion of the sale, the chief executive officer owned 114,879 shares of the company's stock, valued at approximately $9,059,357.94. The trade was a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the completion of the transaction, the director directly owned 17,939 shares of the company's stock, valued at approximately $1,286,046.91. This trade represents a 26.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,047 shares of company stock worth $1,538,152. 0.54% of the stock is owned by insiders.

About Trimble

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.