Cerity Partners LLC Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Cerity Partners LLC grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 181.6% during the 4th quarter, HoldingsChannel reports. The fund owned 12,944 shares of the scientific and technical instruments company’s stock after buying an additional 8,348 shares during the period. Cerity Partners LLC’s holdings in Trimble were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TRMB. Operose Advisors LLC purchased a new stake in Trimble during the 3rd quarter worth about $43,000. Orion Capital Management LLC purchased a new stake in shares of Trimble in the third quarter worth about $86,000. CVA Family Office LLC bought a new position in shares of Trimble in the fourth quarter valued at approximately $111,000. Cary Street Partners Investment Advisory LLC grew its stake in Trimble by 65.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,634 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Trimble by 16.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,943 shares of the scientific and technical instruments company’s stock worth $159,000 after acquiring an additional 418 shares during the period. 93.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Oppenheimer boosted their target price on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Robert W. Baird raised their price target on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Piper Sandler reissued an “overweight” rating and set a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. Finally, StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.83.

Trimble Trading Up 1.3 %

Shares of TRMB opened at $59.69 on Wednesday. The stock has a market capitalization of $14.58 billion, a P/E ratio of 47.75, a PEG ratio of 2.60 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. 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 firm has a fifty day simple moving average of $61.71 and a two-hundred day simple moving average of $53.36.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data 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. The firm had revenue of $932.40 million for the quarter, compared to analyst estimates of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. On average, research analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the sale, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Trimble 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 transaction, the chief executive officer now owns 239,901 shares in the company, valued at approximately $13,134,579.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Peter Large sold 1,447 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at approximately $485,802. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,828 shares of company stock valued at $1,013,519. 0.61% of the stock is currently owned by company insiders.

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.