Natixis Advisors L.P. Purchases 17,903 Shares of Trimble Inc. (NASDAQ:TRMB)

Natixis Advisors L.P. grew its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,832 shares of the scientific and technical instruments company's stock after buying an additional 17,903 shares during the period. Natixis Advisors L.P.'s holdings in Trimble were worth $4,513,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in Trimble by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company's stock valued at $68,000 after acquiring an additional 196 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in Trimble by 3.6% during the 4th 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 stake in Trimble by 1.6% during the 4th quarter. D.B. Root & Company LLC now owns 15,500 shares of the scientific and technical instruments company's stock worth $825,000 after buying an additional 244 shares during the last quarter. M&T Bank Corp increased its position in Trimble by 2.1% in the third quarter. M&T Bank Corp now owns 12,220 shares of the scientific and technical instruments company's stock worth $659,000 after buying an additional 249 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its stake in 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 valued at $220,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Price Performance

Trimble stock traded up $0.02 during midday trading on Friday, hitting $56.80. The company's stock had a trading volume of 1,034,709 shares, compared to its average volume of 1,348,574. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $13.87 billion, a PE ratio of 59.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.51. The stock's 50-day moving average price is $61.06 and its 200-day moving average price is $54.10.

Trimble (NASDAQ:TRMB - Get Free Report) last released its 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 net margin of 6.25% and a return on equity of 12.04%. The business had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. During the same period in the previous year, the firm earned $0.52 EPS. The business's revenue for the quarter was up 8.9% on a year-over-year basis. Analysts anticipate that Trimble Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRMB shares. JPMorgan Chase & Co. upped their price target on shares of Trimble from $57.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Robert W. Baird raised their price target on shares of Trimble from $59.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, February 13th. Piper Sandler reissued an "overweight" rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, May 6th. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. Finally, StockNews.com cut 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's stock. According to MarketBeat, Trimble has an average rating of "Moderate Buy" and a consensus target price of $66.67.

Insider Buying and Selling at Trimble

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

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.