Van ECK Associates Corp grew its position in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,532 shares of the scientific and technical instruments company’s stock after buying an additional 433 shares during the quarter. Van ECK Associates Corp’s holdings in Trimble were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the company. United Capital Financial Advisers LLC increased its position in shares of Trimble by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock valued at $5,045,000 after acquiring an additional 186 shares during the period. ProShare Advisors LLC increased its position in shares of Trimble by 0.6% in the fourth quarter. ProShare Advisors LLC now owns 34,405 shares of the scientific and technical instruments company’s stock valued at $1,740,000 after acquiring an additional 204 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Trimble by 39.6% in the first quarter. Ronald Blue Trust Inc. now owns 762 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 216 shares during the period. Sentry Investment Management LLC increased its position in shares of Trimble by 16.6% in the fourth quarter. Sentry Investment Management LLC now owns 1,656 shares of the scientific and technical instruments company’s stock valued at $84,000 after acquiring an additional 236 shares during the period. Finally, D.B. Root & Company LLC increased its position in shares of Trimble by 1.8% in the first quarter. D.B. Root & Company LLC now owns 14,500 shares of the scientific and technical instruments company’s stock valued at $760,000 after acquiring an additional 250 shares during the period. Institutional investors own 89.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TRMB shares. 888 restated a “maintains” rating on shares of Trimble in a research report on Thursday, May 4th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Monday. Piper Sandler reiterated a “neutral” rating and set a $51.00 price target on shares of Trimble in a research report on Friday, August 4th. The Goldman Sachs Group boosted their price target on shares of Trimble from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Robert W. Baird reduced their price target on shares of Trimble from $63.00 to $59.00 in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.71.
Insider Transactions at Trimble
In other news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $51.31, for a total value of $128,275.00. Following the transaction, the chief executive officer now owns 217,856 shares in the company, valued at $11,178,191.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.
Trimble Trading Down 1.0 %
Shares of NASDAQ TRMB opened at $54.53 on Wednesday. The firm’s 50 day moving average price is $52.09 and its 200-day moving average price is $51.39. The company has a market cap of $13.54 billion, a PE ratio of 39.51, a P/E/G ratio of 2.54 and a beta of 1.57. Trimble Inc. has a 52-week low of $45.43 and a 52-week high of $72.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 1.12.
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.
See Also
- Five stocks we like better than Trimble
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- 5 Best Fintech Stocks to Buy Now
- What is a Low P/E Ratio and What Does it Tell Investors?
- UPS Slipping To More Attractive Levels On Weak Outlook
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- More Good News Coming? GoodRx Spikes Ahead of Q2 Earnings
Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB – Free Report).
Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.
