Silvercrest Asset Management Group LLC Sells 4,658 Shares of Trimble Inc. (NASDAQ:TRMB)

Silvercrest Asset Management Group LLC decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,186 shares of the scientific and technical instruments company's stock after selling 4,658 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.07% of Trimble worth $12,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in shares of Trimble in the fourth quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter worth $36,000. Larson Financial Group LLC boosted its holdings in shares of 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 worth $48,000 after purchasing an additional 422 shares during the period. Finally, Mather Group LLC. boosted its holdings in shares of Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock worth $52,000 after purchasing an additional 343 shares during the period. Institutional investors own 93.21% of the company's stock.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the firm's 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 approximately $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was 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. 0.54% of the stock is currently owned by company insiders.

Trimble Trading Up 0.9%

Shares of Trimble stock traded up $0.62 on Tuesday, hitting $72.31. 1,566,472 shares of the company's stock traded hands, compared to its average volume of 1,397,051. The firm's 50-day moving average price is $64.41 and its two-hundred day moving average price is $69.54. The stock has a market capitalization of $17.25 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble'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 EPS. On average, research analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. StockNews.com lowered shares of 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 shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. 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 research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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.