Robeco Institutional Asset Management B.V. increased its position in Trimble Inc. (NASDAQ:TRMB – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,670 shares of the scientific and technical instruments company’s stock after buying an additional 563 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Trimble were worth $1,571,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in TRMB. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Trimble by 319,324.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 77,939,600 shares of the scientific and technical instruments company’s stock valued at $4,126,122,000 after buying an additional 77,915,200 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Trimble by 86,928.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,426,266 shares of the scientific and technical instruments company’s stock valued at $223,792,000 after buying an additional 4,421,180 shares during the period. Morgan Stanley boosted its stake in Trimble by 283.9% during the 4th quarter. Morgan Stanley now owns 5,530,548 shares of the scientific and technical instruments company’s stock valued at $279,625,000 after purchasing an additional 4,089,901 shares during the last quarter. Norges Bank acquired a new position in Trimble during the 4th quarter valued at about $162,931,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Trimble by 131.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,550,902 shares of the scientific and technical instruments company’s stock valued at $290,979,000 after purchasing an additional 3,155,709 shares during the last quarter. 90.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TRMB has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Trimble from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, September 29th. Raymond James upgraded Trimble from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Friday, September 29th. StockNews.com initiated coverage on Trimble in a research note on Thursday, October 5th. They set a “hold” rating for the company. Piper Sandler reiterated a “neutral” rating and set a $51.00 price target on shares of Trimble in a research note on Friday, September 29th. Finally, The Goldman Sachs Group lifted their target price on shares of Trimble from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Trimble currently has an average rating of “Hold” and a consensus price target of $60.00.
Trimble Trading Down 0.7 %
NASDAQ:TRMB opened at $49.91 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $12.39 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.53. The firm’s 50 day moving average is $52.57 and its 200 day moving average is $51.02. Trimble Inc. has a 12 month low of $45.43 and a 12 month high of $62.40.
Trimble (NASDAQ:TRMB – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $993.60 million for the quarter, compared to analysts’ expectations of $979.08 million. Trimble had a net margin of 9.45% and a return on equity of 13.12%. Sell-side analysts expect that Trimble Inc. will post 2.15 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Robert G. Painter sold 3,000 shares of Trimble stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $55.00, for a total value of $165,000.00. Following the sale, the chief executive officer now owns 212,356 shares of the company’s stock, valued at approximately $11,679,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trimble news, CEO Robert G. Painter sold 3,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $55.00, for a total transaction of $165,000.00. Following the sale, the chief executive officer now owns 212,356 shares of the company’s stock, valued at approximately $11,679,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $51.91, for a total transaction of $129,775.00. Following the sale, the chief executive officer now directly owns 207,356 shares in the company, valued at approximately $10,763,849.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,040 shares of company stock valued at $528,745. 0.61% of the stock is owned by company insiders.
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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