International Assets Investment Management LLC Has $756,000 Stake in Trimble Inc. (NASDAQ:TRMB)

International Assets Investment Management LLC lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 22.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,204 shares of the scientific and technical instruments company’s stock after selling 4,203 shares during the quarter. International Assets Investment Management LLC’s holdings in Trimble were worth $756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Liberty Capital Management Inc. raised its holdings in shares of Trimble by 11.8% during the fourth quarter. Liberty Capital Management Inc. now owns 17,610 shares of the scientific and technical instruments company’s stock worth $937,000 after acquiring an additional 1,852 shares in the last quarter. Arizona State Retirement System increased its position in Trimble by 1.0% in the 4th quarter. Arizona State Retirement System now owns 68,249 shares of the scientific and technical instruments company’s stock worth $3,631,000 after purchasing an additional 659 shares during the last quarter. Norris Perne & French LLP MI raised its stake in shares of Trimble by 0.6% during the 4th quarter. Norris Perne & French LLP MI now owns 246,263 shares of the scientific and technical instruments company’s stock worth $13,101,000 after purchasing an additional 1,403 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Trimble by 34.2% during the 4th quarter. Fifth Third Bancorp now owns 7,343 shares of the scientific and technical instruments company’s stock valued at $391,000 after buying an additional 1,873 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Trimble by 64.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 386,217 shares of the scientific and technical instruments company’s stock worth $20,547,000 after buying an additional 151,029 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity

In related news, VP Jennifer Allison sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the transaction, the vice president now directly owns 2,315 shares of the company’s stock, valued at $137,927.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the transaction, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total value of $220,255.00. Following the sale, the chief executive officer now directly owns 187,055 shares in the company, valued at $11,771,371.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,828 shares of company stock worth $1,013,519. Company insiders own 0.61% of the company’s stock.

Trimble Trading Up 1.3 %

Shares of Trimble stock opened at $59.69 on Wednesday. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 2.60 and a beta of 1.50. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The company’s fifty day simple moving average is $61.71 and its 200-day simple moving average is $53.36. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data 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. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Trimble Inc. will post 2.23 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer boosted their target price on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. Robert W. Baird increased their price objective on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.83.

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.