Quadrature Capital Ltd Has $760,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Quadrature Capital Ltd raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 115.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,279 shares of the scientific and technical instruments company’s stock after buying an additional 7,651 shares during the period. Quadrature Capital Ltd’s holdings in Trimble were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Trimble by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock valued at $1,554,164,000 after buying an additional 273,863 shares in the last quarter. Generation Investment Management LLP lifted its stake in shares of Trimble by 89.5% in the fourth quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock valued at $652,787,000 after buying an additional 5,796,030 shares in the last quarter. Morgan Stanley lifted its stake in shares of Trimble by 10.0% in the third quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after buying an additional 694,842 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Trimble by 13.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock valued at $276,080,000 after buying an additional 603,020 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Trimble by 3.9% during the fourth quarter. Primecap Management Co. CA now owns 5,025,141 shares of the scientific and technical instruments company’s stock valued at $267,338,000 after purchasing an additional 188,790 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the transaction, the chief executive officer now owns 183,555 shares in the company, valued at $11,472,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Painter sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now directly owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The disclosure for this sale can be found here. Insiders sold 5,182 shares of company stock worth $318,636 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $56.14 on Friday. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 58.48, a P/E/G ratio of 2.52 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The firm’s 50-day simple moving average is $57.00 and its two-hundred day simple moving average is $56.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $953.30 million for the quarter, compared to analyst estimates of $921.15 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. As a group, equities analysts forecast that Trimble Inc. will post 2.21 earnings per share for the current 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.