Hunter Associates Investment Management LLC Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Hunter Associates Investment Management LLC increased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,988 shares of the scientific and technical instruments company's stock after buying an additional 13,899 shares during the period. Hunter Associates Investment Management LLC's holdings in Trimble were worth $2,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRMB. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Trimble by 13.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company's stock valued at $276,080,000 after acquiring an additional 603,020 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $798,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $117,000. Cerity Partners LLC raised its position in shares of 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 period. Finally, Capital Insight Partners LLC raised its position in shares of 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 period. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 2,500 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the transaction, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Peter Large sold 1,447 shares of the company's stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the sale, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Painter sold 2,500 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 239,901 shares of the company's stock, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,828 shares of company stock worth $1,013,519. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRMB. Piper Sandler reiterated an "overweight" rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. Robert W. Baird raised their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. Oppenheimer raised their price target on shares of Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Finally, StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trimble presently has an average rating of "Moderate Buy" and a consensus price target of $64.83.

Trimble Stock Performance

Shares of TRMB traded up $0.11 during midday trading on Friday, reaching $57.97. 843,209 shares of the stock were exchanged, compared to its average volume of 1,355,948. 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 market cap of $14.16 billion, a P/E ratio of 46.38, a PEG ratio of 2.60 and a beta of 1.50. The stock's 50 day simple moving average is $61.55 and its 200 day simple moving average is $53.25.

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, topping analysts' consensus estimates of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company had revenue of $932.40 million for the quarter, compared to analysts' expectations of $908.43 million. During the same quarter last year, the business earned $0.52 earnings per share. Trimble's revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts expect that Trimble Inc. will post 2.23 earnings per share for the current year.

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.