Mn Services Vermogensbeheer B.V. increased its stake in Trimble Inc. (NASDAQ:TRMB – Free Report) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,766 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,800 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.05% of Trimble worth $6,488,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Ronald Blue Trust Inc. increased its position in Trimble by 320.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 546 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 416 shares during the last quarter. Exos TFP Holdings LLC purchased a new stake in Trimble in the 4th quarter worth about $31,000. Compagnie Lombard Odier SCmA bought a new stake in Trimble in the 4th quarter valued at about $33,000. CI Investments Inc. lifted its holdings in Trimble by 109.3% during the fourth quarter. CI Investments Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 363 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in Trimble during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on TRMB shares. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Robert W. Baird dropped their target price on Trimble from $63.00 to $59.00 in a research report on Thursday, May 4th. 888 reiterated a “maintains” rating on shares of Trimble in a research report on Thursday, May 4th. Finally, Edward Jones raised Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $59.00.
Trimble Stock Up 0.4 %
Trimble (NASDAQ:TRMB – Get Free Report) last issued its quarterly earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Trimble had a net margin of 13.01% and a return on equity of 13.68%. The firm had revenue of $915.40 million for the quarter, compared to analyst estimates of $935.43 million. Sell-side analysts expect that Trimble Inc. will post 2.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $53.00, for a total transaction of $132,500.00. Following the transaction, the chief executive officer now directly owns 215,356 shares of the company’s stock, valued at approximately $11,413,868. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.
Trimble Company 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 route selection and design; 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.
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