Vanguard Group Inc. Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Vanguard Group Inc. grew its stake in Trimble Inc. (NASDAQ:TRMB) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,213,613 shares of the scientific and technical instruments company’s stock after purchasing an additional 273,863 shares during the period. Vanguard Group Inc. owned approximately 11.89% of Trimble worth $1,554,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in Trimble during the fourth quarter worth $26,000. Operose Advisors LLC acquired a new position in shares of Trimble during the 3rd quarter valued at about $43,000. Principal Securities Inc. purchased a new stake in shares of Trimble in the fourth quarter valued at about $52,000. Criterion Capital Advisors LLC purchased a new stake in shares of Trimble in the fourth quarter valued at about $67,000. Finally, First Horizon Advisors Inc. increased its position in Trimble by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Down 0.4 %

Shares of NASDAQ TRMB opened at $55.51 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $57.21 and its two-hundred day moving average is $56.44. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 2.52 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Trimble had a return on equity of 12.04% and a net margin of 6.25%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. Research analysts predict that Trimble Inc. will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. increased their price target on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Piper Sandler reiterated an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a research report on Monday, May 6th. Raymond James reissued an “outperform” rating and set a $65.00 target price on shares of Trimble in a research note on Wednesday, May 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Transactions at Trimble

In related news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at $11,472,187.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,182 shares of company stock valued at $318,636. 0.47% of the stock is currently owned by corporate insiders.

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.