Cwm LLC Grows Stock Position in Trimble Inc. (NASDAQ:TRMB)

Cwm LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 51.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,499 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,189 shares during the quarter. Cwm LLC’s holdings in Trimble were worth $225,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TRMB. Frazier Financial Advisors LLC purchased a new stake in shares of Trimble during the 4th quarter valued at about $26,000. Operose Advisors LLC purchased a new stake in shares of Trimble during the 3rd quarter valued at about $43,000. Principal Securities Inc. purchased a new stake in shares of Trimble during the 4th quarter valued at about $52,000. Criterion Capital Advisors LLC acquired a new stake in Trimble during the 4th quarter valued at approximately $67,000. Finally, First Horizon Advisors Inc. grew its stake in Trimble by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock valued at $68,000 after purchasing an additional 196 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 0.7 %

NASDAQ:TRMB opened at $56.14 on Friday. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55. The firm has a market capitalization of $13.71 billion, a P/E ratio of 58.48, a P/E/G ratio of 2.53 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. The business has a 50 day simple moving average of $57.00 and a 200 day simple moving average of $56.57.

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

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 3,500 shares of the business’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 sale, the chief executive officer now owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert G. Painter sold 3,500 shares of Trimble 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,182 shares of company stock valued at $318,636. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

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

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.