Veriti Management LLC grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 11.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,673 shares of the scientific and technical instruments company's stock after purchasing an additional 465 shares during the quarter. Veriti Management LLC's holdings in Trimble were worth $272,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in TRMB. Cornerstone Advisory LLC bought a new position in shares of Trimble during the 4th quarter worth $26,000. GHP Investment Advisors Inc. bought a new position in shares of Trimble during the 1st quarter worth $26,000. DeDora Capital Inc. bought a new position in shares of Trimble during the 1st quarter worth $27,000. Atwood & Palmer Inc. bought a new position in shares of Trimble during the 1st quarter worth $29,000. Finally, Allworth Financial LP grew its stake in shares of Trimble by 715.6% during the 1st quarter. Allworth Financial LP now owns 522 shares of the scientific and technical instruments company's stock worth $38,000 after acquiring an additional 458 shares during the period. 90.19% of the stock is owned by hedge funds and other institutional investors.
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Trimble Stock Performance
Shares of NASDAQ TRMB opened at $55.26 on Friday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.85 and a beta of 1.58. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. Trimble Inc. has a 1-year low of $54.66 and a 1-year high of $91.96. The stock's 50-day moving average is $64.50 and its 200 day moving average is $65.08.
Trimble (NASDAQ:TRMB – Get Rating) last announced its quarterly earnings data on Friday, August 5th. The scientific and technical instruments company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.04. The company had revenue of $941.20 million for the quarter, compared to analysts' expectations of $928.99 million. Trimble had a return on equity of 14.63% and a net
margin of 13.76%. Trimble's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. On average, sell-side analysts anticipate that Trimble Inc. will post 2.36 EPS for the current fiscal year.
Insider Activity at Trimble
In other Trimble news, SVP Peter Large sold 2,188 shares of Trimble stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $71.32, for a total value of $156,048.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Peter Large sold 2,188 shares of the business's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $71.32, for a total transaction of $156,048.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James Joel Langley sold 14,076 shares of Trimble stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $68.00, for a total value of $957,168.00. Following the sale, the vice president now owns 1 shares in the company, valued at $68. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,676 shares of company stock valued at $1,785,537. Corporate insiders own 0.43% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on TRMB. JPMorgan Chase & Co. cut their target price on Trimble from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, July 12th. Piper Sandler downgraded Trimble from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $82.00 to $70.00 in a research note on Thursday, September 8th. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a research note on Friday, September 9th. Finally, Wolfe Research began coverage on Trimble in a research note on Tuesday, August 16th. They issued a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Trimble has an average rating of "Hold" and a consensus target price of $74.40.
Trimble Profile
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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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