EP Wealth Advisors LLC Sells 2,072 Shares of Trimble Inc. (NASDAQ:TRMB)

EP Wealth Advisors LLC decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,293 shares of the scientific and technical instruments company’s stock after selling 2,072 shares during the period. EP Wealth Advisors LLC’s holdings in Trimble were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in shares of Trimble during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the fourth quarter valued at approximately $36,000. Larson Financial Group LLC grew its stake in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Trimble in the 4th quarter worth $49,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Trimble Price Performance

Shares of Trimble stock opened at $68.12 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The business’s 50 day simple moving average is $63.87 and its two-hundred day simple moving average is $69.04. The stock has a market capitalization of $16.25 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. Analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TRMB. Piper Sandler reiterated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Thursday. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $86.00.

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.