Czech National Bank Acquires 201 Shares of Trimble Inc. (NASDAQ:TRMB)

Czech National Bank raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,771 shares of the scientific and technical instruments company’s stock after purchasing an additional 201 shares during the period. Czech National Bank’s holdings in Trimble were worth $2,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRMB. Frazier Financial Advisors LLC bought a new position in shares of Trimble in the 4th quarter worth approximately $26,000. Operose Advisors LLC bought a new position in shares of Trimble in the 3rd quarter worth approximately $43,000. Principal Securities Inc. bought a new position in shares of Trimble in the 4th quarter worth approximately $52,000. Criterion Capital Advisors LLC bought a new position in shares of Trimble in the 4th quarter worth approximately $67,000. Finally, First Horizon Advisors Inc. raised its position in shares of Trimble by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRMB. Piper Sandler reissued an “overweight” rating and issued a $73.00 target price on shares of Trimble in a research report on Monday, May 6th. JPMorgan Chase & Co. upped their price target on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research note on Monday, May 6th. Finally, Raymond James restated an “outperform” rating and issued a $65.00 price target on shares of Trimble in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average target price of $66.67.

Insider Buying and Selling at Trimble

In other Trimble 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 transaction of $218,750.00. Following the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at approximately $11,472,187.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of the firm’s 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 transaction, the chief executive officer now directly owns 183,555 shares in the company, valued at approximately $11,472,187.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders have sold 5,182 shares of company stock worth $318,636. Insiders own 0.47% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $56.14 on Friday. The business’s fifty day simple moving average is $57.00 and its two-hundred day simple moving average is $56.50. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 58.48, a P/E/G ratio of 2.53 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $921.15 million. Research analysts anticipate that Trimble Inc. will post 2.21 earnings per share for the current fiscal year.

About Trimble

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.