Bank Julius Baer & Co. Ltd Zurich Sells 20,766 Shares of Trimble Inc. (NASDAQ:TRMB)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,610 shares of the scientific and technical instruments company's stock after selling 20,766 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Trimble were worth $3,171,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRMB. Tokio Marine Asset Management Co. Ltd. grew its holdings in Trimble by 3.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,027 shares of the scientific and technical instruments company's stock valued at $374,000 after purchasing an additional 243 shares during the period. D.B. Root & Company LLC grew its holdings in Trimble by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 15,500 shares of the scientific and technical instruments company's stock valued at $825,000 after purchasing an additional 244 shares during the period. M&T Bank Corp grew its holdings in Trimble by 2.1% during the third quarter. M&T Bank Corp now owns 12,220 shares of the scientific and technical instruments company's stock valued at $659,000 after purchasing an additional 249 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Trimble by 7.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 4,092 shares of the scientific and technical instruments company's stock worth $220,000 after acquiring an additional 268 shares during the period. Finally, Wahed Invest LLC boosted its holdings in shares of Trimble by 9.5% in the third quarter. Wahed Invest LLC now owns 3,884 shares of the scientific and technical instruments company's stock worth $209,000 after acquiring an additional 337 shares during the period. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the firm's stock in a transaction dated 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 owns 239,901 shares in the company, valued at $13,134,579.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Jennifer Allison sold 5,000 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now directly owns 2,315 shares of the company's stock, valued at $137,927.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 2,500 shares of the firm's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following 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. Insiders have sold 16,828 shares of company stock worth $1,013,519 over the last 90 days. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. StockNews.com lowered Trimble from a "buy" rating to a "hold" rating in a report on Saturday, February 10th. Oppenheimer raised their price target on Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $73.00 price target on shares of Trimble in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.83.

Trimble Price Performance

Shares of TRMB stock traded up $0.94 on Friday, reaching $60.15. The company's stock had a trading volume of 790,686 shares, compared to its average volume of 1,193,982. 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. The company has a market capitalization of $14.69 billion, a P/E ratio of 48.12, a PEG ratio of 2.65 and a beta of 1.50. The stock's 50 day simple moving average is $61.72 and its 200-day simple moving average is $53.51.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, beating 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 business had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. During the same quarter last year, the business posted $0.52 earnings per share. The company's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts predict 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.