GAMMA Investing LLC Invests $80,000 in Trimble Inc. (NASDAQ:TRMB)

GAMMA Investing LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,567 shares of the scientific and technical instruments company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in shares of Trimble during the third quarter worth about $43,000. Criterion Capital Advisors LLC acquired a new position in Trimble during the fourth quarter worth approximately $67,000. Orion Capital Management LLC acquired a new position in shares of Trimble in the 3rd quarter valued at about $86,000. CVA Family Office LLC acquired a new stake in Trimble in the fourth quarter valued at approximately $111,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Trimble during the fourth quarter worth $117,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Oppenheimer increased their price objective on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. increased their price target on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.83.

Trimble Stock Performance

Trimble stock opened at $60.67 on Tuesday. The firm’s 50 day simple moving average is $61.72 and its 200-day simple moving average is $53.59. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The company has a market cap of $14.82 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 2.70 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last released its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (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 analyst estimates of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company’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 predict that Trimble Inc. will post 2.23 EPS for the current year.

Insider Transactions at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction 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 owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total transaction of $220,255.00. Following the transaction, the chief executive officer now directly owns 187,055 shares in the company, valued at $11,771,371.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, 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 16,828 shares of company stock valued at $1,013,519 over the last three months. 0.47% of the stock is owned by corporate 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.