ABN Amro Investment Solutions Takes $2.41 Million Position in Trimble Inc. $TRMB

ABN Amro Investment Solutions acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,721 shares of the scientific and technical instruments company’s stock, valued at approximately $2,410,000.

A number of other hedge funds have also recently bought and sold shares of TRMB. Catalyst Capital Advisors LLC acquired a new position in Trimble during the second quarter worth $34,000. Flaharty Asset Management LLC bought a new position in Trimble during the 1st quarter worth $45,000. Ameritas Advisory Services LLC bought a new stake in Trimble in the 2nd quarter valued at about $48,000. Steph & Co. increased its stake in Trimble by 592.0% during the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 592 shares during the period. Finally, State of Wyoming bought a new stake in Trimble during the first quarter worth about $58,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

Shares of TRMB stock opened at $77.56 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm’s 50-day simple moving average is $79.93 and its two-hundred day simple moving average is $77.59. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 66.86, a P/E/G ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $856.50 million for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. As a group, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $81.00, for a total transaction of $139,158.00. Following the sale, the director owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This represents a 10.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director directly owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,692 shares of company stock valued at $1,954,986. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRMB has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $97.00 price target on shares of Trimble in a report on Friday, November 7th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Oppenheimer restated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $94.18.

Trimble 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.