AtonRa Partners Decreases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

AtonRa Partners lowered its position in Trimble Inc. (NASDAQ:TRMB) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,353 shares of the scientific and technical instruments company’s stock after selling 575 shares during the period. AtonRa Partners’ holdings in Trimble were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Trimble by 0.3% during the third quarter. Vanguard Group Inc. now owns 28,939,750 shares of the scientific and technical instruments company’s stock worth $1,558,695,000 after acquiring an additional 86,414 shares during the last quarter. Morgan Stanley raised its holdings in shares of Trimble by 10.0% in the third quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock worth $412,285,000 after buying an additional 694,842 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Trimble by 13.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock worth $276,080,000 after buying an additional 603,020 shares during the period. Invesco Ltd. grew its holdings in shares of Trimble by 5.7% during the third quarter. Invesco Ltd. now owns 3,515,579 shares of the scientific and technical instruments company’s stock valued at $189,349,000 after buying an additional 189,902 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Trimble by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company’s stock valued at $178,887,000 after acquiring an additional 95,588 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the sale, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Jennifer Allison sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders have sold a total of 16,828 shares of company stock valued at $1,013,519 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Oppenheimer increased their price target on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday, April 15th. Finally, Robert W. Baird increased their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.83.

Trimble Price Performance

Shares of Trimble stock traded down $0.42 during trading hours on Tuesday, reaching $60.25. The stock had a trading volume of 154,176 shares, compared to its average volume of 1,359,604. The firm has a market capitalization of $14.71 billion, a PE ratio of 48.54, a PEG ratio of 2.70 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $61.72 and its 200 day moving average is $53.59.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The business had revenue of $932.40 million during the quarter, compared to analysts’ expectations of $908.43 million. During the same period in the previous year, the business earned $0.52 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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 project design and visualization; 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.