Raymond James Financial Services Advisors Inc. Raises Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Raymond James Financial Services Advisors Inc. increased its position in Trimble Inc. (NASDAQ:TRMB) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,346 shares of the scientific and technical instruments company’s stock after buying an additional 1,883 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Trimble were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in Trimble in the 4th quarter worth approximately $111,000. Raymond James & Associates lifted its position in Trimble by 126.1% in the 4th quarter. Raymond James & Associates now owns 133,858 shares of the scientific and technical instruments company’s stock worth $7,121,000 after buying an additional 74,667 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Trimble in the 4th quarter worth approximately $3,908,000. Clearview Wealth Advisors LLC lifted its position in Trimble by 6.5% in the 4th quarter. Clearview Wealth Advisors LLC now owns 14,671 shares of the scientific and technical instruments company’s stock worth $780,000 after buying an additional 892 shares during the last quarter. Finally, CX Institutional bought a new stake in Trimble in the 4th quarter worth approximately $270,000. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of Trimble stock opened at $60.54 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. The company has a market cap of $14.87 billion, a PE ratio of 48.43, a P/E/G ratio of 2.71 and a beta of 1.50. The business has a 50 day moving average of $60.90 and a 200 day moving average of $53.04. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55.

Trimble (NASDAQ:TRMB) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, equities research analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRMB shares. JPMorgan Chase & Co. boosted their price objective on Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Piper Sandler reiterated an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a research report on Tuesday, April 2nd. Oppenheimer boosted their price objective on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Robert W. Baird boosted their price objective on Trimble from $59.00 to $65.00 and gave the company 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.83.

Insider Activity at Trimble

In related news, 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 transaction of $136,875.00. Following the completion of the transaction, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the transaction, the chief executive officer now owns 183,555 shares in the company, valued at $11,472,187.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Insiders sold a total of 15,146 shares of company stock worth $913,634 over the last quarter. 0.61% of the stock is owned by corporate 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.