Trimble Inc. (NASDAQ:TRMB) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,942 shares of the scientific and technical instruments company's stock after selling 46,182 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Trimble were worth $3,349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRMB. National Bank of Canada FI raised its holdings in Trimble by 25.7% during the 3rd quarter. National Bank of Canada FI now owns 57,067 shares of the scientific and technical instruments company's stock valued at $3,015,000 after buying an additional 11,668 shares during the last quarter. DnB Asset Management AS raised its holdings in Trimble by 7.1% during the 3rd quarter. DnB Asset Management AS now owns 56,092 shares of the scientific and technical instruments company's stock valued at $3,021,000 after buying an additional 3,696 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Trimble by 0.9% during the 3rd quarter. Boston Trust Walden Corp now owns 666,612 shares of the scientific and technical instruments company's stock valued at $35,904,000 after buying an additional 5,661 shares during the last quarter. Caprock Group LLC raised its holdings in Trimble by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,305 shares of the scientific and technical instruments company's stock valued at $663,000 after buying an additional 303 shares during the last quarter. Finally, Liberty Capital Management Inc. raised its holdings in Trimble by 203.3% during the 3rd quarter. Liberty Capital Management Inc. now owns 15,758 shares of the scientific and technical instruments company's stock valued at $849,000 after buying an additional 10,562 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Transactions at Trimble

In other news, SVP Peter Large sold 1,447 shares of the company's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the sale, the senior vice president now directly owns 8,220 shares of the company's stock, valued at approximately $485,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Peter Large sold 1,447 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total transaction of $85,517.70. Following the sale, the senior vice president now directly owns 8,220 shares of the company's stock, valued at approximately $485,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer Allison sold 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were 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. Insiders have sold 16,828 shares of company stock valued at $1,013,519 in the last three months. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on TRMB. Piper Sandler reiterated an "overweight" rating and set a $73.00 price target on shares of Trimble in a report on Monday, April 15th. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Robert W. Baird boosted their price objective on shares of Trimble from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Oppenheimer boosted their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.83.

Trimble Stock Up 1.3 %

Shares of NASDAQ:TRMB traded up $0.75 during midday trading on Tuesday, reaching $59.69. The company's stock had a trading volume of 779,931 shares, compared to its average volume of 1,389,870. The firm has a 50 day moving average of $61.71 and a 200-day moving average of $53.36. The firm has a market capitalization of $14.58 billion, a P/E ratio of 47.75, a PEG ratio of 2.60 and a beta of 1.50. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55.

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 for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, research analysts anticipate 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.