Trimble Inc. (NASDAQ:TRMB) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Trimble Inc. (NASDAQ:TRMB) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,858 shares of the scientific and technical instruments company’s stock after acquiring an additional 291 shares during the period. GAMMA Investing LLC’s holdings in Trimble were worth $120,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TRMB. Generation Investment Management LLP increased its holdings in shares of Trimble by 89.5% in the 4th quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock worth $652,787,000 after acquiring an additional 5,796,030 shares during the period. Norges Bank acquired a new stake in shares of Trimble in the 4th quarter worth about $132,319,000. Morgan Stanley increased its stake in Trimble by 10.0% during the 3rd 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 during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Trimble by 13.1% during the 4th 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 during the period. Finally, Contour Asset Management LLC increased its stake in Trimble by 14.6% during the 4th quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock valued at $185,126,000 after buying an additional 442,131 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $56.14 on Friday. The firm’s 50 day moving average is $57.00 and its 200-day moving average is $56.57. The stock 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. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. JPMorgan Chase & Co. raised their target price 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. 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, Piper Sandler reissued an “overweight” rating and set a $73.00 target price 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Insiders Place Their Bets

In other Trimble news, SVP Peter Large sold 1,447 shares of the firm’s 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 directly owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Trimble news, SVP Peter Large sold 1,447 shares of the firm’s 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 directly owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the completion of the transaction, the chief executive officer now owns 183,555 shares of the company’s stock, valued at $11,472,187.50. The disclosure for this sale can be found here. Insiders sold a total of 5,182 shares of company stock worth $318,636 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

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.