Allworth Financial LP Has $827,000 Stock Holdings in Trimble Inc. $TRMB

Allworth Financial LP grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 2,131.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,891 shares of the scientific and technical instruments company’s stock after buying an additional 10,403 shares during the quarter. Allworth Financial LP’s holdings in Trimble were worth $827,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. CX Institutional raised its holdings in Trimble by 11.7% during the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after buying an additional 739 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Trimble in the second quarter valued at about $208,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Trimble by 57.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company’s stock worth $1,590,000 after purchasing an additional 7,660 shares in the last quarter. United Services Automobile Association bought a new position in Trimble during the 1st quarter worth $332,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Trimble during the first quarter worth about $283,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Wells Fargo & Company began coverage on shares of Trimble in a research report on Thursday. They set an “overweight” rating and a $94.00 target price on the stock. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $94.18.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $77.56 on Friday. The stock has a market cap of $18.45 billion, a PE ratio of 66.86, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a fifty day moving average price of $79.93 and a 200-day moving average price of $77.59. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50.

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

Insider Activity at Trimble

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president owned 406 shares of the company’s stock, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total transaction of $596,250.00. Following the sale, the chief executive officer directly owned 84,879 shares of the company’s stock, valued at approximately $6,747,880.50. The trade was a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,692 shares of company stock worth $1,954,986. Corporate insiders own 0.54% of the company’s stock.

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.