Wipfli Financial Advisors LLC Makes New $84,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Wipfli Financial Advisors LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMBGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,556 shares of the scientific and technical instruments company’s stock, valued at approximately $84,000.

A number of other large investors have also added to or reduced their stakes in TRMB. Assenagon Asset Management S.A. grew its position in Trimble by 2,428.2% during the second quarter. Assenagon Asset Management S.A. now owns 2,040,789 shares of the scientific and technical instruments company’s stock worth $118,835,000 after buying an additional 1,960,069 shares in the last quarter. Congress Asset Management Co. MA grew its position in Trimble by 299.9% during the second quarter. Congress Asset Management Co. MA now owns 1,820,578 shares of the scientific and technical instruments company’s stock worth $106,012,000 after buying an additional 1,365,307 shares in the last quarter. Baird Financial Group Inc. grew its position in Trimble by 13,579.6% during the first quarter. Baird Financial Group Inc. now owns 465,379 shares of the scientific and technical instruments company’s stock worth $33,572,000 after buying an additional 461,977 shares in the last quarter. Neuberger Berman Group LLC grew its position in Trimble by 38.0% during the first quarter. Neuberger Berman Group LLC now owns 1,634,854 shares of the scientific and technical instruments company’s stock worth $117,938,000 after buying an additional 450,136 shares in the last quarter. Finally, Robeco Schweiz AG grew its position in Trimble by 91.6% during the first quarter. Robeco Schweiz AG now owns 842,428 shares of the scientific and technical instruments company’s stock worth $60,773,000 after buying an additional 402,852 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. TheStreet downgraded Trimble from a “b-” rating to a “c+” rating in a report on Tuesday, October 11th. JPMorgan Chase & Co. reduced their target price on Trimble from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Robert W. Baird reduced their target price on Trimble from $70.00 to $65.00 in a report on Thursday, November 3rd. Finally, Piper Sandler reduced their target price on Trimble from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.17.

Trimble Trading Up 1.7 %

NASDAQ TRMB opened at $54.14 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 0.32. Trimble Inc. has a twelve month low of $47.52 and a twelve month high of $79.96. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57. The business’s fifty day moving average is $54.81 and its 200 day moving average is $58.93.

Trimble (NASDAQ:TRMBGet Rating) last announced its earnings results on Wednesday, November 2nd. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $884.90 million for the quarter, compared to the consensus estimate of $910.81 million. Trimble had a return on equity of 14.45% and a net margin of 12.80%. As a group, sell-side analysts expect that Trimble Inc. will post 2.25 EPS for the current fiscal year.

About Trimble

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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 route selection and design; 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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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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