Trimble Inc. (NASDAQ:TRMB) Holdings Decreased by DekaBank Deutsche Girozentrale
by Michael Walen · The Markets DailyDekaBank Deutsche Girozentrale reduced its holdings in Trimble Inc. (NASDAQ:TRMB – Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,290 shares of the scientific and technical instruments company’s stock after selling 413 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Trimble were worth $3,687,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Trimble by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock worth $2,099,064,000 after purchasing an additional 183,150 shares in the last quarter. Select Equity Group L.P. lifted its position in Trimble by 22.4% in the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock worth $717,506,000 after buying an additional 1,857,517 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock valued at $425,427,000 after buying an additional 138,136 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Trimble by 2.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company’s stock valued at $390,909,000 after acquiring an additional 134,277 shares in the last quarter. Finally, Contour Asset Management LLC increased 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 acquiring an additional 197,913 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TRMB has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. Wall Street Zen downgraded Trimble from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Trimble from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus target price of $89.43.
Get Our Latest Stock Report on TRMB
Trimble Stock Down 1.0%
Shares of TRMB stock opened at $79.99 on Friday. The stock’s 50 day simple moving average is $72.69 and its 200 day simple moving average is $70.02. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $81.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.41 and a beta of 1.67.
Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.
Insider Transactions at Trimble
In related news, Director Kaigham Gabriel sold 6,511 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the sale, the director owned 17,939 shares in the company, valued at $1,286,046.91. This represents a 26.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark David Schwartz sold 1,476 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total value of $115,128.00. Following the completion of the sale, the vice president directly owned 22,405 shares of the company’s stock, valued at $1,747,590. This represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,487 shares of company stock worth $1,173,352. Company insiders own 0.54% of the company’s stock.
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.
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