Trimble Inc. (NASDAQ:TRMB) Shares Sold by Securian Asset Management Inc.

Posted by Defense World Staff on Apr 25th, 2023

Securian Asset Management Inc. trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,117 shares of the scientific and technical instruments company’s stock after selling 267 shares during the period. Securian Asset Management Inc.’s holdings in Trimble were worth $1,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ronald Blue Trust Inc. increased its holdings in Trimble by 320.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 546 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 416 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Trimble during the fourth quarter worth about $40,000. Itau Unibanco Holding S.A. acquired a new position in Trimble in the third quarter valued at approximately $67,000. Alta Advisers Ltd acquired a new position in Trimble in the third quarter valued at approximately $71,000. Finally, Dupont Capital Management Corp raised its holdings in shares of Trimble by 62.8% during the fourth quarter. Dupont Capital Management Corp now owns 1,623 shares of the scientific and technical instruments company’s stock valued at $82,000 after buying an additional 626 shares during the last quarter. 89.49% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 0.1 %

Trimble stock opened at $47.51 on Tuesday. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.65 and a beta of 1.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.04 and a quick ratio of 0.76. Trimble Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $72.24. The firm has a fifty day moving average price of $50.61 and a two-hundred day moving average price of $53.77.

Trimble (NASDAQ:TRMB – Get Rating) last released its earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $856.50 million during the quarter, compared to analyst estimates of $872.29 million. Trimble had a net margin of 12.23% and a return on equity of 14.21%. As a group, analysts forecast that Trimble Inc. will post 2.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRMB. Robert W. Baird dropped their target price on Trimble from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Piper Sandler decreased their price target on shares of Trimble from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 9th. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, April 5th. StockNews.com started coverage on shares of Trimble in a report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Northcoast Research cut shares of Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price target on the stock. in a report on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Trimble presently has an average rating of “Hold” and an average target price of $59.67.

Insider Activity at Trimble

In other news, SVP Peter Large sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total transaction of $48,554.50. Following the transaction, the senior vice president now directly owns 154 shares in the company, valued at $7,870.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James Calvin Dalton sold 1,500 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $53.20, for a total transaction of $79,800.00. Following the transaction, the director now directly owns 1,936 shares in the company, valued at approximately $102,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter Large sold 950 shares of Trimble stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total transaction of $48,554.50. Following the sale, the senior vice president now directly owns 154 shares of the company’s stock, valued at approximately $7,870.94. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

About Trimble

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Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.