Boston Trust Walden Corp Sells 662,787 Shares of Trimble Inc. (NASDAQ:TRMB)

Boston Trust Walden Corp decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 99.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,825 shares of the scientific and technical instruments company's stock after selling 662,787 shares during the period. Boston Trust Walden Corp's holdings in Trimble were worth $203,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Street Markets LLC lifted its holdings in shares of Trimble by 93.2% during the first quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 234 shares in the last quarter. IFP Advisors Inc increased its position in Trimble by 798.1% during the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 415 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Trimble in the 2nd quarter worth about $42,000. Operose Advisors LLC bought a new stake in Trimble in the 3rd quarter valued at about $43,000. Finally, Belpointe Asset Management LLC grew its position in shares of Trimble by 42.3% during the 1st quarter. Belpointe Asset Management LLC now owns 1,026 shares of the scientific and technical instruments company's stock worth $54,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total transaction of $220,255.00. Following the sale, the chief executive officer now directly owns 187,055 shares of the company's stock, valued at $11,771,371.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total transaction of $220,255.00. Following the completion of the transaction, the chief executive officer now owns 187,055 shares of the company's stock, valued at $11,771,371.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the business's stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $51.05, for a total transaction of $127,625.00. Following the completion of the sale, the chief executive officer now directly owns 203,856 shares in the company, valued at approximately $10,406,848.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,146 shares of company stock worth $822,509. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRMB shares. Robert W. Baird boosted their price target on Trimble from $59.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. Oppenheimer increased their target price on Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, March 14th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Piper Sandler reissued an "overweight" rating and issued a $73.00 price objective on shares of Trimble in a research note on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Trimble currently has an average rating of "Moderate Buy" and an average price target of $64.83.

Trimble Price Performance

TRMB stock traded down $0.04 during trading on Friday, reaching $61.45. 2,794,042 shares of the company were exchanged, compared to its average volume of 1,307,498. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 49.16, a P/E/G ratio of 2.75 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The company has a 50-day moving average of $59.92 and a two-hundred day moving average of $52.62. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same period in the prior year, the business earned $0.52 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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.