Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,295 shares of the scientific and technical instruments company's stock after acquiring an additional 9,652 shares during the period. Gotham Asset Management LLC owned 0.09% of Trimble worth $15,142,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. bought a new position in shares of Trimble in the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Trimble in the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the 4th quarter worth $36,000. Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Trimble in the 4th quarter worth $49,000. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

Trimble Stock Performance

Trimble stock traded up $0.02 during trading hours on Wednesday, hitting $71.27. 1,324,864 shares of the stock traded hands, compared to its average volume of 1,400,600. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm's 50 day moving average price is $63.96 and its 200-day moving average price is $69.18. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. StockNews.com downgraded Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trimble presently has a consensus rating of "Buy" and a consensus target price of $85.50.

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.