Raymond James & Associates Raises Stake in Trimble Inc. (NASDAQ:TRMB)

Raymond James & Associates lifted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 126.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,858 shares of the scientific and technical instruments company's stock after purchasing an additional 74,667 shares during the quarter. Raymond James & Associates owned about 0.05% of Trimble worth $7,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clear Street Markets LLC raised its holdings in shares of Trimble by 93.2% during the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 234 shares during the period. IFP Advisors Inc boosted its holdings in Trimble by 798.1% in the 2nd quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 415 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Trimble in the 2nd quarter valued at approximately $42,000. Operose Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $43,000. Finally, Belpointe Asset Management LLC raised 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 valued at $54,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the transaction, the vice president now owns 2,315 shares in the company, valued at approximately $137,927.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Jennifer Allison sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares in the company, valued at approximately $137,927.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares of the company's stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders have sold a total of 14,146 shares of company stock worth $822,509 in the last quarter. 0.61% of the stock is owned by company insiders.

Trimble Stock Up 1.2 %

Shares of TRMB traded up $0.73 during mid-day trading on Monday, hitting $62.18. 3,046,796 shares of the company's stock were exchanged, compared to its average volume of 1,452,949. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 49.16, a P/E/G ratio of 2.75 and a beta of 1.50. The stock's 50-day moving average is $59.92 and its 200-day moving average is $52.62. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating 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 analysts' expectations of $908.43 million. During the same quarter last year, the company posted $0.52 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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.