Trimble Inc. (NASDAQ:TRMB) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in Trimble Inc. (NASDAQ:TRMB) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,859 shares of the scientific and technical instruments company’s stock after buying an additional 1,799 shares during the period. IFM Investors Pty Ltd’s holdings in Trimble were worth $3,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Schonfeld Strategic Advisors LLC raised its position in Trimble by 383.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company’s stock valued at $11,881,000 after purchasing an additional 174,917 shares during the last quarter. Barclays PLC grew its holdings in shares of Trimble by 43.6% during the third quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company’s stock worth $31,254,000 after buying an additional 176,139 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in Trimble by 51.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 40,988 shares of the scientific and technical instruments company’s stock valued at $2,185,000 after acquiring an additional 13,899 shares during the period. Raymond James & Associates raised its stake in Trimble by 126.1% during the 4th quarter. Raymond James & Associates now owns 133,858 shares of the scientific and technical instruments company’s stock valued at $7,121,000 after acquiring an additional 74,667 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Trimble by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company’s stock worth $178,887,000 after acquiring an additional 95,588 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Price Performance

TRMB stock traded up $0.94 during trading on Friday, reaching $60.15. 790,686 shares of the company were exchanged, compared to its average volume of 1,193,982. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. The company has a market cap of $14.69 billion, a P/E ratio of 48.12, a PEG ratio of 2.65 and a beta of 1.50. The stock’s 50 day moving average price is $61.72 and its 200 day moving average price is $53.44.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share 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 quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts predict that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent research reports. Oppenheimer boosted their target price on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Robert W. Baird raised their price objective on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.83.

Insiders Place Their Bets

In related news, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,828 shares of company stock worth $1,013,519. Insiders own 0.47% of the company’s stock.

Trimble 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.