Trimble Inc. $TRMB Holdings Boosted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Trimble Inc. (NASDAQ:TRMB) by 50.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,590 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,896 shares during the period. Cetera Investment Advisers’ holdings in Trimble were worth $1,792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRMB. Parkside Financial Bank & Trust boosted its position in Trimble by 18.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 907 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 141 shares during the period. Balboa Wealth Partners lifted its stake in Trimble by 4.7% in the second quarter. Balboa Wealth Partners now owns 3,204 shares of the scientific and technical instruments company’s stock valued at $243,000 after buying an additional 144 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Trimble by 11.7% during the second quarter. First Horizon Advisors Inc. now owns 1,515 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 159 shares during the period. MAI Capital Management grew its position in shares of Trimble by 6.6% during the first quarter. MAI Capital Management now owns 2,684 shares of the scientific and technical instruments company’s stock worth $176,000 after acquiring an additional 165 shares during the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of Trimble by 5.6% in the 1st quarter. Horizon Investments LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 188 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRMB shares. Wells Fargo & Company assumed coverage on shares of Trimble in a research note on Thursday, November 13th. They set an “overweight” rating and a $94.00 target price for the company. Oppenheimer reiterated an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research report on Thursday, November 6th. 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. Barclays assumed coverage on Trimble in a research note on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average price target of $94.18.

Insider Activity

In other news, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction that occurred on 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 owned 84,879 shares in the company, valued at $6,747,880.50. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 406 shares of the company’s stock, valued at $33,186.44. This represents a 94.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,083 shares of company stock worth $1,904,798 over the last 90 days. 0.54% of the stock is owned by company insiders.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $81.42 on Monday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 70.19, a PEG ratio of 3.26 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $79.36 and its 200 day simple moving average is $78.60.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The firm had revenue of $856.50 million for the quarter. As a group, sell-side analysts forecast 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.