Mn Services Vermogensbeheer B.V. Decreases Stock Position in Trimble Inc. (NASDAQ:TRMB)

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,466 shares of the scientific and technical instruments company's stock after selling 9,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Trimble were worth $5,939,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in Trimble in the fourth quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Trimble during the fourth quarter valued at approximately $36,000. Central Pacific Bank Trust Division raised its holdings in shares of 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 valued at $37,000 after acquiring an additional 355 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 422 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Insiders Place Their Bets

In other 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 value of $466,773.59. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Trimble Trading Up 0.2%

Trimble stock traded up $0.11 during mid-day trading on Friday, hitting $71.81. 3,786,586 shares of the stock were exchanged, compared to its average volume of 1,378,133. The firm's fifty day simple moving average is $67.61 and its two-hundred day simple moving average is $69.59. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 3.06 and a beta of 1.68. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm's quarterly revenue was down 11.8% on a year-over-year basis. Analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Wall Street Zen downgraded Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $88.43.

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.