Trimble Inc. (NASDAQ:TRMB) Stock Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Trimble Inc. (NASDAQ:TRMB) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 214,096 shares of the scientific and technical instruments company’s stock after buying an additional 54,136 shares during the quarter. Russell Investments Group Ltd.’s holdings in Trimble were worth $11,410,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in Trimble in the 3rd quarter valued at approximately $43,000. Criterion Capital Advisors LLC acquired a new position in shares of Trimble during the 4th quarter worth $67,000. GAMMA Investing LLC acquired a new position in shares of Trimble during the 4th quarter worth $80,000. Orion Capital Management LLC acquired a new position in shares of Trimble during the 3rd quarter worth $86,000. Finally, CVA Family Office LLC acquired a new position in shares of Trimble during the 4th quarter worth $111,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of several analyst reports. Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, April 15th. Robert W. Baird increased their price target 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 raised 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. JPMorgan Chase & Co. raised their target price on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Buying and Selling at Trimble

In other Trimble news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction 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 directly owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Trimble news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction 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 directly owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter Large sold 1,447 shares of the firm’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 of the company’s stock, valued at $485,802. 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 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $55.93 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The firm’s fifty day simple moving average is $61.55 and its 200 day simple moving average is $53.81. The firm has a market capitalization of $13.66 billion, a PE ratio of 58.26, a PEG ratio of 2.51 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.

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.