Sequoia Financial Advisors LLC Acquires 219 Shares of Trimble Inc. (NASDAQ:TRMB)

Sequoia Financial Advisors LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,981 shares of the scientific and technical instruments company’s stock after purchasing an additional 219 shares during the period. Sequoia Financial Advisors LLC’s holdings in Trimble were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. SVB Wealth LLC grew its holdings in Trimble by 4.8% during the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 204 shares in the last quarter. Profund Advisors LLC increased its holdings in Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares during the period. Capital Insight Partners LLC lifted its stake in Trimble by 4.0% in the 3rd quarter. Capital Insight Partners LLC now owns 7,295 shares of the scientific and technical instruments company’s stock worth $453,000 after purchasing an additional 280 shares in the last quarter. Empirical Finance LLC boosted its holdings in Trimble by 4.7% in the 1st quarter. Empirical Finance LLC now owns 6,617 shares of the scientific and technical instruments company’s stock valued at $426,000 after purchasing an additional 300 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 313 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and set a $73.00 price objective on shares of Trimble in a report on Monday, August 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.67.

Trimble Stock Up 0.5 %

Shares of NASDAQ TRMB opened at $61.66 on Wednesday. The stock has a market capitalization of $15.06 billion, a P/E ratio of 10.08, a PEG ratio of 2.73 and a beta of 1.49. Trimble Inc. has a one year low of $39.57 and a one year high of $65.55. The firm’s 50 day simple moving average is $59.03 and its two-hundred day simple moving average is $57.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB) last released its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. As a group, analysts expect that Trimble Inc. will post 2.23 EPS 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.