Xponance Inc. Has $2.62 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Xponance Inc. grew its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,871 shares of the scientific and technical instruments company's stock after purchasing an additional 3,801 shares during the quarter. Xponance Inc.'s holdings in Trimble were worth $2,618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. acquired a new stake in Trimble during the fourth quarter worth approximately $28,000. Central Pacific Bank Trust Division grew its position in Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 355 shares in the last quarter. Putney Financial Group LLC acquired a new stake in Trimble during the fourth quarter worth approximately $51,000. Quarry LP grew its position in Trimble by 121.8% during the fourth quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 402 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TRMB shares. JPMorgan Chase & Co. increased their price target on Trimble from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $89.43.

Trimble Trading Up 0.3%

Shares of TRMB stock opened at $80.20 on Tuesday. The stock's fifty day moving average price is $72.69 and its two-hundred day moving average price is $70.00. The company has a market cap of $19.13 billion, a PE ratio of 13.08, a P/E/G ratio of 3.41 and a beta of 1.67. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $81.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84.

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 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The company had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. During the same period in the prior year, the company earned $0.64 EPS. Trimble's revenue was down 11.8% compared to the same quarter last year. Equities analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Trimble

In other news, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total value of $466,773.59. Following the completion of the transaction, the director directly owned 17,939 shares in the company, valued at approximately $1,286,046.91. This represents a 26.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $78.86, for a total value of $591,450.00. Following the transaction, the chief executive officer directly owned 114,879 shares of the company's stock, valued at approximately $9,059,357.94. This represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,047 shares of company stock valued at $1,538,152 over the last quarter. 0.54% of the stock is currently owned by insiders.

Trimble 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.

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