Headlands Technologies LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 383.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,128 shares of the scientific and technical instruments company's stock after purchasing an additional 8,825 shares during the quarter. Headlands Technologies LLC's holdings in Trimble were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Trimble by 2.0% in the first quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company's stock worth $1,988,450,000 after acquiring an additional 582,124 shares in the last quarter. Select Equity Group L.P. boosted its holdings in Trimble by 22.4% in the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock worth $717,506,000 after acquiring an additional 1,857,517 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Trimble by 2.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock worth $390,909,000 after acquiring an additional 134,277 shares in the last quarter. Contour Asset Management LLC boosted its holdings in Trimble by 4.4% in the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock worth $330,772,000 after acquiring an additional 197,913 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Trimble by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,794,854 shares of the scientific and technical instruments company's stock worth $197,483,000 after acquiring an additional 26,223 shares in the last quarter. Institutional investors own 93.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on Trimble from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen raised Trimble from a "hold" rating to a "buy" rating in a report on Saturday. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. Oppenheimer lifted their target price on Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $90.50.
Get Our Latest Stock Report on Trimble
Insiders Place Their Bets
In other news, VP Mark David Schwartz sold 1,404 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $112,320.00. Following the completion of the sale, the vice president directly owned 21,001 shares in the company, valued at $1,680,080. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 17,939 shares of the company's stock, valued at $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,047 shares of company stock valued at $1,538,152 over the last ninety days. 0.54% of the stock is owned by corporate insiders.
Trimble Stock Performance
TRMB stock traded up $1.25 during trading on Friday, hitting $83.77. 2,390,747 shares of the company traded hands, compared to its average volume of 2,031,355. The stock's 50-day simple moving average is $77.93 and its 200 day simple moving average is $71.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market cap of $19.93 billion, a PE ratio of 72.22, a P/E/G ratio of 3.55 and a beta of 1.69. Trimble Inc. has a 1 year low of $51.03 and a 1 year high of $87.50.
Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. The company had revenue of $875.70 million during the quarter, compared to analysts' expectations of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%. Trimble's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. On average, equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.
Trimble Profile
(
Free Report)
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.
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