Davidson Investment Advisors reduced its position in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,843 shares of the scientific and technical instruments company’s stock after selling 12,443 shares during the quarter. Davidson Investment Advisors owned about 0.06% of Trimble worth $8,031,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its holdings in Trimble by 118.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 494 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 268 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Trimble by 320.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 546 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 416 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Trimble during the fourth quarter valued at approximately $40,000. Itau Unibanco Holding S.A. bought a new stake in Trimble during the third quarter worth approximately $67,000. Finally, Alta Advisers Ltd acquired a new position in Trimble in the third quarter worth approximately $71,000. Institutional investors own 89.49% of the company’s stock.
Trimble Stock Down 1.1 %
Shares of TRMB traded down $0.54 during mid-day trading on Monday, hitting $48.39. 427,978 shares of the company’s stock were exchanged, compared to its average volume of 1,246,514. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.30. Trimble Inc. has a twelve month low of $47.09 and a twelve month high of $72.24. The firm has a fifty day moving average of $51.75 and a two-hundred day moving average of $54.15. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.70 and a beta of 1.57.
Trimble (NASDAQ:TRMB – Get Rating) last posted its earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $856.50 million for the quarter, compared to analyst estimates of $872.29 million. Trimble had a return on equity of 14.21% and a net margin of 12.23%. On average, sell-side analysts forecast that Trimble Inc. will post 2.27 earnings per share for the current year.
Insider Activity at Trimble
In other Trimble news, Director James Calvin Dalton sold 1,500 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the transaction, the director now owns 1,936 shares of the company’s stock, valued at approximately $102,995.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Trimble news, SVP Peter Large sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the sale, the senior vice president now owns 154 shares in the company, valued at approximately $7,870.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $53.20, for a total value of $79,800.00. Following the sale, the director now owns 1,936 shares in the company, valued at $102,995.20. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Trimble from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 9th. Edward Jones raised Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, April 5th. Robert W. Baird dropped their price target on Trimble from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, February 9th. Northcoast Research lowered Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price objective for the company. in a research report on Tuesday, March 7th. Finally, StockNews.com started coverage on shares of Trimble in a research report on Thursday, March 16th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.67.
Trimble Profile
Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.