Schechter Investment Advisors LLC Has $232,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

Posted by on Jul 21st, 2023

Schechter Investment Advisors LLC cut its position in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,427 shares of the scientific and technical instruments company’s stock after selling 216 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Trimble were worth $232,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ronald Blue Trust Inc. increased its position in shares of Trimble by 320.0% during 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 period. Exos TFP Holdings LLC acquired a new stake in shares of Trimble during the fourth quarter worth $31,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Trimble during the fourth quarter worth $33,000. CI Investments Inc. increased its position in shares of Trimble by 109.3% during the fourth quarter. CI Investments Inc. now owns 695 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 363 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Trimble during the fourth quarter worth $36,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were 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 $11,413,868. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Trimble Stock Down 2.4 %

Trimble stock opened at $52.37 on Friday. Trimble Inc. has a 1-year low of $45.43 and a 1-year high of $72.24. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The firm’s fifty day moving average price is $50.54 and its two-hundred day moving average price is $51.31. The company has a current ratio of 1.51, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

Trimble (NASDAQ:TRMB – Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.60 earnings per share for the quarter, beating 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 company had revenue of $915.40 million for the quarter, compared to analyst estimates of $935.43 million. On average, equities research analysts predict that Trimble Inc. will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TRMB shares. 888 restated a “maintains” rating on shares of Trimble in a report on Thursday, May 4th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, April 5th. Finally, Robert W. Baird reduced their price target on shares of Trimble from $63.00 to $59.00 in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Trimble has an average rating of “Hold” and a consensus price target of $59.00.

Trimble Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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