Charles Schwab Investment Management Inc. Acquires 37,136 Shares of Trimble Inc. (NASDAQ:TRMB)

Charles Schwab Investment Management Inc. lifted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,344,256 shares of the scientific and technical instruments company's stock after purchasing an additional 37,136 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.54% of Trimble worth $71,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TRMB. First Horizon Advisors Inc. boosted its stake in Trimble by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company's stock valued at $68,000 after purchasing an additional 196 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Trimble by 3.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,027 shares of the scientific and technical instruments company's stock worth $374,000 after acquiring an additional 243 shares during the last quarter. D.B. Root & Company LLC increased its position 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 worth $825,000 after acquiring an additional 244 shares during the period. M&T Bank Corp raised its stake in Trimble by 2.1% during the 3rd 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 last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC grew its position in Trimble by 7.0% in the 3rd 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 purchasing an additional 268 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trimble

In related news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now 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 hyperlink. In related news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the sale, the vice president now owns 2,315 shares of the company's stock, valued at approximately $137,927.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Peter Large sold 1,447 shares of the 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 transaction, the senior vice president now owns 8,220 shares of the company's stock, valued at approximately $485,802. The disclosure for this sale can be found here. Insiders have sold 14,328 shares of company stock worth $876,644 in the last three months. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research reports. Oppenheimer reiterated an "outperform" rating and issued a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. Piper Sandler restated an "overweight" rating and issued a $73.00 target price on shares of Trimble in a research note on Monday, May 6th. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Raymond James restated an "outperform" rating and issued a $65.00 price objective on shares of Trimble in a research note on Wednesday. Finally, Robert W. Baird increased their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of "Moderate Buy" and an average price target of $66.67.

Trimble Trading Up 1.0 %

Shares of TRMB traded up $0.59 during trading hours on Wednesday, hitting $57.68. 1,119,119 shares of the stock traded hands, compared to its average volume of 1,410,199. The business has a fifty day moving average of $60.76 and a 200-day moving average of $54.28. The firm has a market capitalization of $14.09 billion, a PE ratio of 60.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.51. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

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 earnings per share 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 during the quarter, compared to the consensus estimate of $908.43 million. During the same period in the previous year, the firm posted $0.52 earnings per share. Trimble's revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts expect that Trimble Inc. will post 2.2 EPS 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.