Mercer Global Advisors Inc. ADV Boosts Stake in Trimble Inc. (NASDAQ:TRMB)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 173.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,396 shares of the scientific and technical instruments company's stock after acquiring an additional 33,857 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Trimble were worth $3,773,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TRMB. Vanguard Group Inc. increased its position in Trimble by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after buying an additional 183,150 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after acquiring an additional 138,136 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Trimble by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after acquiring an additional 222,679 shares in the last quarter. Boston Partners lifted its holdings in Trimble by 217.3% in the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after purchasing an additional 2,312,937 shares during the last quarter. Finally, Norges Bank bought a new stake in Trimble during the fourth quarter worth approximately $190,391,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded up $0.74 on Friday, hitting $68.12. The company had a trading volume of 1,729,318 shares, compared to its average volume of 1,397,235. The stock has a 50 day moving average price of $63.87 and a 200 day moving average price of $69.04. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 11.19, 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 announced 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. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The company had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. Analysts expect that Trimble Inc. will post 2.37 EPS for the current year.

Insider Buying and Selling at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday. StockNews.com downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Trimble has an average rating of "Buy" and an average target price of $86.00.

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.