5,193 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Brookstone Capital Management

Brookstone Capital Management bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,193 shares of the scientific and technical instruments company’s stock, valued at approximately $334,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Trimble by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock worth $1,554,164,000 after acquiring an additional 273,863 shares during the last quarter. Generation Investment Management LLP increased its holdings in shares of Trimble by 89.5% during 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 last quarter. Morgan Stanley increased its holdings in shares of 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 worth $412,285,000 after acquiring an additional 694,842 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of 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 worth $276,080,000 after acquiring an additional 603,020 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in Trimble by 3.9% in the 4th 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 buying an additional 188,790 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ:TRMB opened at $55.69 on Tuesday. The stock has a fifty day moving average price of $56.64 and a 200-day moving average price of $56.95. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 58.01, a PEG ratio of 2.54 and a beta of 1.50. 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 fifty-two week low of $39.57 and a fifty-two week high of $65.55.

Trimble (NASDAQ:TRMB) last released its earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $953.30 million during 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%. As a group, equities analysts anticipate that Trimble Inc. will post 2.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction 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 completion of 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 filing with the SEC, which is available through this link. In related news, CEO Robert G. Painter sold 3,500 shares of the company’s 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 completion of 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 filing with the SEC, which is available through this link. Also, SVP Peter Large sold 1,447 shares of the company’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 sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. In the last three months, insiders sold 5,182 shares of company stock worth $318,636. 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.