Sora Investors LLC Has $31.72 Million Position in Trimble Inc. (NASDAQ:TRMB)

Sora Investors LLC grew its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 448,887 shares of the scientific and technical instruments company's stock after acquiring an additional 83,887 shares during the quarter. Trimble comprises about 3.5% of Sora Investors LLC's portfolio, making the stock its 6th largest position. Sora Investors LLC owned 0.18% of Trimble worth $31,718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in Trimble in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble in the 4th quarter worth about $36,000. Larson Financial Group LLC increased its stake in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the period. Finally, Mather Group LLC. increased its stake in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40% decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Trimble Price Performance

NASDAQ:TRMB opened at $71.24 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. The company has a 50 day moving average price of $64.10 and a 200-day moving average price of $69.26. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The business's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. Equities research analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Wall Street Analyst Weigh In

TRMB has been the topic of several recent analyst reports. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Piper Sandler reissued an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $88.43.

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.

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