Lazard Asset Management LLC Has $197.48 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Lazard Asset Management LLC grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,794,854 shares of the scientific and technical instruments company's stock after buying an additional 26,223 shares during the quarter. Lazard Asset Management LLC owned approximately 1.14% of Trimble worth $197,483,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRMB. Vanguard Group Inc. grew its position in shares of Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after acquiring an additional 183,150 shares during the period. Geode Capital Management LLC grew its holdings in Trimble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after purchasing an additional 138,136 shares during the period. Victory Capital Management Inc. increased its position in Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after buying an additional 222,679 shares during the last quarter. Contour Asset Management LLC raised its stake in Trimble by 4.4% in the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock valued at $330,772,000 after buying an additional 197,913 shares during the period. Finally, Boston Partners lifted its position in shares of Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after buying an additional 2,312,937 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday. StockNews.com lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $85.50.

Trimble Price Performance

Shares of Trimble stock traded down $0.03 during trading on Thursday, reaching $71.24. 791,707 shares of the company's stock were exchanged, compared to its average volume of 1,399,291. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The company has a market cap of $17.00 billion, a P/E ratio of 11.70, a PEG ratio of 3.09 and a beta of 1.67. The firm's 50-day moving average price is $64.00 and its 200 day moving average price is $69.19.

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

Insiders Place Their Bets

In related news, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred 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 the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred 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 $729,529.98. The trade was a 17.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

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.