Two Sigma Advisers LP Sells 72,800 Shares of Trimble Inc. (NASDAQ:TRMB)

Two Sigma Advisers LP reduced its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 89.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,700 shares of the scientific and technical instruments company's stock after selling 72,800 shares during the period. Two Sigma Advisers LP's holdings in Trimble were worth $615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in Trimble in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Trimble during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $36,000. Larson Financial Group LLC increased its position in shares of Trimble by 164.8% during the 4th 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 last quarter. Finally, Quarry LP raised its holdings in shares of Trimble by 121.8% in the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 402 shares during the period. Institutional investors own 93.21% of the company's stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. Piper Sandler reissued an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $88.43.

Insider Transactions at Trimble

In other Trimble 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 transaction, the director now owns 17,939 shares in the company, valued at $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by insiders.

Trimble Price Performance

Trimble stock traded up $1.03 during trading hours on Friday, reaching $72.19. 353,255 shares of the stock were exchanged, compared to its average volume of 1,397,545. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a market cap of $17.22 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 3.09 and a beta of 1.68. The stock has a 50 day moving average of $64.83 and a two-hundred day moving average of $69.64.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The business had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. During the same quarter last year, the business posted $0.64 EPS. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. Equities analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Trimble Company 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.