Tokio Marine Asset Management Co. Ltd. Buys 243 Shares of Trimble Inc. (NASDAQ:TRMB)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,027 shares of the scientific and technical instruments company’s stock after acquiring an additional 243 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trimble were worth $374,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Operose Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter valued at about $43,000. Criterion Capital Advisors LLC acquired a new stake in shares of Trimble during the 4th quarter valued at about $67,000. GAMMA Investing LLC acquired a new stake in shares of Trimble during the 4th quarter valued at about $80,000. Orion Capital Management LLC acquired a new stake in shares of Trimble during the 3rd quarter valued at about $86,000. Finally, CVA Family Office LLC acquired a new position in Trimble in the fourth quarter valued at about $111,000. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction 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 $13,134,579.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Trimble news, VP Jennifer Allison sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 16,828 shares of company stock valued at $1,013,519 over the last ninety days. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Shares of TRMB stock opened at $60.15 on Monday. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The firm’s 50 day moving average is $61.72 and its 200-day moving average is $53.52. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 2.70 and a beta of 1.50. 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 posted its quarterly earnings results 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 business had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. Trimble’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.