Trimble Inc. (NASDAQ:TRMB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,999 shares of the scientific and technical instruments company’s stock after selling 725 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Trimble were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC grew its stake in shares of Trimble by 383.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company’s stock valued at $11,881,000 after buying an additional 174,917 shares in the last quarter. Truist Financial Corp raised its stake in shares of Trimble by 56.7% during the fourth quarter. Truist Financial Corp now owns 38,884 shares of the scientific and technical instruments company’s stock valued at $2,069,000 after purchasing an additional 14,074 shares during the period. Hunter Associates Investment Management LLC lifted its position in shares of Trimble by 51.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 40,988 shares of the scientific and technical instruments company’s stock worth $2,185,000 after purchasing an additional 13,899 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Trimble by 80.9% in the fourth quarter. Jump Financial LLC now owns 40,203 shares of the scientific and technical instruments company’s stock valued at $2,139,000 after purchasing an additional 17,979 shares during the period. Finally, Contour Asset Management LLC grew its holdings 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 purchasing an additional 442,131 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trimble

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

Analyst Ratings Changes

TRMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target on shares of Trimble in a report on Monday, May 6th. Raymond James reissued an “outperform” rating and issued a $65.00 price target on shares of Trimble in a report on Wednesday, May 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Trimble in a 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.67.

Trimble Trading Up 0.4 %

Shares of NASDAQ TRMB opened at $55.42 on Friday. The stock’s 50 day moving average price is $56.75 and its two-hundred day moving average price is $56.75. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The stock has a market capitalization of $13.53 billion, a P/E ratio of 57.73, a PEG ratio of 2.52 and a beta of 1.51. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57.

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

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.