Vanguard Personalized Indexing Management LLC Has $2.59 Million Holdings in Trimble Inc. $TRMB

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Trimble Inc. by 40%, owning 34,048 shares worth approximately $2.59 million as of the latest SEC filing.
• Trimble's recent stock performance shows a 12-month range with a low of $52.91 and a high of $87.50, while its market cap stands at $18.73 billion.
• Analysts have shown optimism, with multiple firms raising their price targets for Trimble stock, some as high as $100, reflecting a consensus strong buy rating among investment analysts.

Vanguard Personalized Indexing Management LLC raised its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 40.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,048 shares of the scientific and technical instruments company's stock after buying an additional 9,728 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Trimble were worth $2,587,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Flaharty Asset Management LLC bought a new position in shares of Trimble in the first quarter worth approximately $45,000. Ameritas Advisory Services LLC purchased a new stake in Trimble during the 2nd quarter worth approximately $48,000. Steph & Co. boosted its holdings in Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 592 shares in the last quarter. State of Wyoming acquired a new stake in shares of Trimble in the first quarter valued at about $58,000. Finally, Farther Finance Advisors LLC boosted its stake in Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock worth $64,000 after buying an additional 591 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock opened at $78.72 on Thursday. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a 50-day moving average price of $80.92 and a 200 day moving average price of $74.47. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market cap of $18.73 billion, a P/E ratio of 67.86, a PEG ratio of 3.20 and a beta of 1.65.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The business had revenue of $856.50 million for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. Sell-side analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Christopher F. Keating sold 7,365 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president directly owned 406 shares of the company's stock, valued at $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 115,781 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the transaction, the chief executive officer directly owned 114,879 shares in the company, valued at $9,515,427.57. This represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,821 shares of company stock worth $18,110,143. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on TRMB shares. Raymond James Financial restated an "outperform" rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Oppenheimer raised their price objective on Trimble from $88.00 to $94.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Berenberg Bank set a $95.00 target price on Trimble and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Barclays started coverage on Trimble in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $100.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Trimble currently has an average rating of "Buy" and an average target price of $92.10.

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.

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