Inspire Investing LLC Has $1.61 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Inspire Investing LLC lessened its position in Trimble Inc. (NASDAQ:TRMB) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,727 shares of the scientific and technical instruments company’s stock after selling 5,945 shares during the quarter. Inspire Investing LLC’s holdings in Trimble were worth $1,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. Principal Securities Inc. bought a new position in shares of Trimble in the fourth quarter worth about $52,000. Dimensional Fund Advisors LP grew its holdings in Trimble by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,466,786 shares of the scientific and technical instruments company’s stock valued at $78,041,000 after buying an additional 263,982 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Trimble in the 4th quarter valued at approximately $775,000. Norges Bank bought a new position in Trimble in the 4th quarter worth approximately $132,319,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Trimble by 20.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,752 shares of the scientific and technical instruments company’s stock worth $412,000 after buying an additional 1,341 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TRMB shares. Robert W. Baird boosted their target price on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Oppenheimer restated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler reissued an “overweight” rating and set a $73.00 target price on shares of Trimble in a research report on Monday, August 19th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average price target of $66.67.

Trimble Price Performance

NASDAQ:TRMB opened at $60.20 on Friday. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 62.71, a PEG ratio of 2.63 and a beta of 1.48. The company has a 50-day moving average of $55.24 and a 200-day moving average of $57.48. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The firm had revenue of $870.80 million during the quarter, compared to analysts’ expectations of $862.50 million. During the same quarter last year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Trimble Inc. will post 2.22 earnings per share for the current fiscal year.

About Trimble

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.