Trimble Inc. (NASDAQ:TRMB) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 201,547 shares of the scientific and technical instruments company's stock after selling 25,306 shares during the period. Daiwa Securities Group Inc. owned 0.08% of Trimble worth $10,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Trimble by 13.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company's stock worth $276,080,000 after purchasing an additional 603,020 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Trimble during the fourth quarter worth about $798,000. Tennessee Valley Asset Management Partners purchased a new stake in Trimble during the 4th quarter valued at about $117,000. Cerity Partners LLC raised its holdings in Trimble by 181.6% in the 4th quarter. Cerity Partners LLC now owns 12,944 shares of the scientific and technical instruments company's stock valued at $689,000 after acquiring an additional 8,348 shares during the last quarter. Finally, Capital Insight Partners LLC raised its holdings in Trimble by 11.3% in the 4th quarter. Capital Insight Partners LLC now owns 4,810 shares of the scientific and technical instruments company's stock valued at $256,000 after acquiring an additional 490 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Trading Down 1.1 %

TRMB traded down $0.63 on Thursday, hitting $57.86. The company had a trading volume of 905,853 shares, compared to its average volume of 1,411,959. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.22 billion, a P/E ratio of 46.77, a PEG ratio of 2.64 and a beta of 1.50. The company's fifty day moving average price is $61.33 and its 200 day moving average price is $53.16. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $932.40 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.52 EPS. As a group, equities analysts expect that Trimble Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Peter Large sold 1,447 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares of the company's stock, valued at approximately $485,802. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Allison sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,828 shares of company stock valued at $1,013,519. 0.61% of the stock is currently owned by corporate insiders.

Trimble Company 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.