Swiss National Bank Sells 20,500 Shares of Trimble Inc. (NASDAQ:TRMB)

Swiss National Bank decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 776,500 shares of the scientific and technical instruments company's stock after selling 20,500 shares during the period. Swiss National Bank owned approximately 0.31% of Trimble worth $41,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Trimble by 0.3% during the third quarter. Vanguard Group Inc. now owns 28,939,750 shares of the scientific and technical instruments company's stock valued at $1,558,695,000 after buying an additional 86,414 shares in the last quarter. Morgan Stanley grew its stake in shares of Trimble by 10.0% in the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company's stock worth $412,285,000 after purchasing an additional 694,842 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings 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 worth $276,080,000 after purchasing an additional 603,020 shares in the last quarter. Invesco Ltd. lifted its stake in Trimble by 5.7% during the third quarter. Invesco Ltd. now owns 3,515,579 shares of the scientific and technical instruments company's stock valued at $189,349,000 after purchasing an additional 189,902 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Trimble by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company's stock worth $178,887,000 after buying an additional 95,588 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Transactions at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of Trimble 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 completion of the sale, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trimble news, 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 transaction, the chief executive officer now directly owns 239,901 shares of the company's stock, valued at $13,134,579.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer Allison sold 5,000 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the sale, the vice president now directly owns 2,315 shares of the company's stock, valued at approximately $137,927.70. The disclosure for this sale can be found here. Insiders sold 16,828 shares of company stock valued at $1,013,519 in the last three months. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $73.00 price target on shares of Trimble in a research report on Monday. 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 upped their price target 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. Oppenheimer reiterated an "outperform" rating and set a $72.00 price objective on shares of Trimble in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Trimble from $57.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $66.67.

Trimble Stock Down 0.8 %

TRMB traded down $0.46 on Wednesday, reaching $56.54. 1,426,475 shares of the company traded hands, compared to its average volume of 1,425,078. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 58.90, a PEG ratio of 2.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. The stock's 50 day moving average price is $61.26 and its 200-day moving average price is $53.94. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $932.40 million for the quarter, compared to analysts' expectations of $908.43 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. Trimble's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, sell-side analysts expect that Trimble Inc. will post 2.23 EPS for the current fiscal year.

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.