Janus Henderson Group PLC Has $2.47 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Janus Henderson Group PLC reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,919 shares of the scientific and technical instruments company’s stock after selling 25,986 shares during the period. Janus Henderson Group PLC’s holdings in Trimble were worth $2,468,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gotham Asset Management LLC lifted its stake in shares of Trimble by 4.7% in the fourth quarter. Gotham Asset Management LLC now owns 214,295 shares of the scientific and technical instruments company’s stock valued at $15,142,000 after buying an additional 9,652 shares in the last quarter. Fred Alger Management LLC boosted its stake in Trimble by 317.4% during the 4th quarter. Fred Alger Management LLC now owns 24,717 shares of the scientific and technical instruments company’s stock valued at $1,747,000 after purchasing an additional 18,796 shares during the last quarter. Deutsche Bank AG increased its holdings in Trimble by 12.0% during the 4th quarter. Deutsche Bank AG now owns 1,670,116 shares of the scientific and technical instruments company’s stock worth $118,010,000 after purchasing an additional 179,103 shares in the last quarter. Contour Asset Management LLC raised its stake in shares of Trimble by 4.4% in the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company’s stock worth $330,772,000 after purchasing an additional 197,913 shares during the last quarter. Finally, Crestline Management LP lifted its holdings in shares of Trimble by 643.6% in the fourth quarter. Crestline Management LP now owns 67,002 shares of the scientific and technical instruments company’s stock valued at $4,734,000 after purchasing an additional 57,992 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRMB. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on Trimble from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research report on Thursday, May 8th. Finally, StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $88.43.

Trimble Price Performance

Shares of TRMB opened at $72.31 on Wednesday. The firm’s 50-day simple moving average is $64.41 and its two-hundred day simple moving average is $69.54. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market cap of $17.25 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to analysts’ expectations of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. Analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal 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.