Security National Bank Has $4.09 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Security National Bank cut its stake in Trimble Inc. (NASDAQ:TRMB) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,800 shares of the scientific and technical instruments company’s stock after selling 1,150 shares during the period. Security National Bank’s holdings in Trimble were worth $4,086,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Trimble by 51.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,823 shares of the scientific and technical instruments company’s stock worth $1,799,000 after buying an additional 11,514 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Trimble by 13.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 27,852 shares of the scientific and technical instruments company’s stock valued at $1,482,000 after purchasing an additional 3,385 shares during the last quarter. Cibc World Markets Corp grew its stake in Trimble by 133.6% in the fourth quarter. Cibc World Markets Corp now owns 32,016 shares of the scientific and technical instruments company’s stock valued at $1,703,000 after purchasing an additional 18,310 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Trimble during the 4th quarter worth approximately $2,250,000. Finally, Contour Asset Management LLC raised its stake in shares of 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 worth $185,126,000 after purchasing an additional 442,131 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Down 1.0 %

Shares of Trimble stock opened at $61.51 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of $15.02 billion, a PE ratio of 64.07, a PEG ratio of 2.80 and a beta of 1.49. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm has a 50-day moving average of $56.27 and a 200-day moving average of $57.23.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Trimble Inc. will post 2.23 EPS for the current year.

Analysts Set New Price Targets

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

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.