Whittier Trust Co. Has $424,000 Stake in Trimble Inc. (NASDAQ:TRMB)

Whittier Trust Co. raised its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1,086.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,465 shares of the scientific and technical instruments company's stock after buying an additional 5,920 shares during the quarter. Whittier Trust Co.'s holdings in Trimble were worth $424,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRMB. Vanguard Group Inc. raised its stake in shares of Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after purchasing an additional 183,150 shares during the period. Select Equity Group L.P. grew its stake in shares of 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 purchasing an additional 1,857,517 shares during the last quarter. Geode Capital Management LLC increased its holdings in Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after purchasing an additional 138,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Trimble by 2.5% during the 4th 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 purchasing an additional 134,277 shares in the last quarter. Finally, Contour Asset Management LLC grew its position in Trimble by 4.4% during the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock valued at $330,772,000 after buying an additional 197,913 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,156 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the completion of the transaction, the vice president owned 2,882 shares in the company, valued at $230,560. The trade was a 52.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark David Schwartz sold 1,476 shares of Trimble stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total value of $115,128.00. Following the sale, the vice president directly owned 22,405 shares in the company, valued at $1,747,590. This trade represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,047 shares of company stock worth $1,538,152 in the last ninety days. Company insiders own 0.54% of the company's stock.

Trimble Stock Up 1.7%

Shares of TRMB opened at $82.02 on Friday. The firm has a market capitalization of $19.57 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.44 and a beta of 1.67. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. The company has a 50-day simple moving average of $73.91 and a 200-day simple moving average of $70.28.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 42.40% and a return on equity of 9.87%. Trimble's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRMB. JPMorgan Chase & Co. raised their target price on shares of Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Oppenheimer upped their price target on shares of Trimble from $81.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen cut shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $89.14.

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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