Trimble Inc. (NASDAQ:TRMB) Stock Holdings Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,369,696 shares of the scientific and technical instruments company's stock after selling 5,314,906 shares during the period. Impax Asset Management Group plc owned 1.76% of Trimble worth $231,760,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRMB. United Capital Financial Advisers LLC boosted its holdings in Trimble by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company's stock valued at $5,045,000 after purchasing an additional 186 shares during the last quarter. Advisor Partners II LLC boosted its holdings in Trimble by 2.8% in the 1st quarter. Advisor Partners II LLC now owns 7,961 shares of the scientific and technical instruments company's stock valued at $417,000 after purchasing an additional 218 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Trimble by 1.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 20,480 shares of the scientific and technical instruments company's stock valued at $1,074,000 after purchasing an additional 232 shares during the last quarter. Clear Street Markets LLC boosted its holdings in Trimble by 93.2% in the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 234 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Trimble by 2.8% in the 1st quarter. American Century Companies Inc. now owns 8,545 shares of the scientific and technical instruments company's stock valued at $436,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Up 1.3 %

Trimble stock traded up $0.79 during mid-day trading on Tuesday, reaching $62.97. 1,533,672 shares of the company's stock were exchanged, compared to its average volume of 1,454,138. The company has a market cap of $15.47 billion, a P/E ratio of 50.38, a P/E/G ratio of 2.75 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $60.33 and a 200-day moving average of $52.79.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TRMB shares. Piper Sandler restated an "overweight" rating and issued a $73.00 price objective on shares of Trimble in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Oppenheimer upped their price objective on shares of Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, March 14th. 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, StockNews.com lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Trimble presently has a consensus rating of "Moderate Buy" and an average price target of $64.83.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares of the company's stock, valued at approximately $13,134,579.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total value of $220,255.00. Following the transaction, the chief executive officer now directly owns 187,055 shares of the company's stock, valued at approximately $11,771,371.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the transaction, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,646 shares of company stock valued at $694,884. Insiders own 0.61% of the company's stock.

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.