Trimble Inc. (NASDAQ:TRMB) Stock Position Trimmed by Signaturefd LLC

Signaturefd LLC trimmed its holdings in Trimble Inc. (NASDAQ:TRMB) by 27.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,392 shares of the scientific and technical instruments company’s stock after selling 904 shares during the quarter. Signaturefd LLC’s holdings in Trimble were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TRMB. Czech National Bank lifted its stake in shares of Trimble by 48.0% in the 3rd quarter. Czech National Bank now owns 43,401 shares of the scientific and technical instruments company’s stock worth $2,338,000 after acquiring an additional 14,073 shares during the period. Asset Management One Co. Ltd. lifted its position in Trimble by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 232,460 shares of the scientific and technical instruments company’s stock worth $12,520,000 after purchasing an additional 5,884 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Trimble by 30.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 63,814 shares of the scientific and technical instruments company’s stock valued at $3,437,000 after purchasing an additional 14,729 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Trimble by 37.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 40,782 shares of the scientific and technical instruments company’s stock worth $2,197,000 after acquiring an additional 11,112 shares during the period. Finally, Xponance Inc. grew its stake in shares of Trimble by 3.9% in the 3rd quarter. Xponance Inc. now owns 35,844 shares of the scientific and technical instruments company’s stock worth $1,931,000 after purchasing an additional 1,348 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Activity at Trimble

In related news, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trimble news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total transaction of $85,517.70. Following the sale, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 2,500 shares of the 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 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. Over the last 90 days, insiders sold 16,828 shares of company stock worth $1,013,519. Company insiders own 0.47% of the company’s stock.

Trimble Stock Up 0.9 %

Shares of TRMB stock opened at $60.67 on Tuesday. The stock’s 50 day simple moving average is $61.72 and its 200 day simple moving average is $53.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.70 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Robert W. Baird raised their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Oppenheimer boosted their target price on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Trimble has an average rating of “Moderate Buy” and a consensus 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.