Dorsey & Whitney Trust CO LLC Acquires New Position in Trimble Inc. $TRMB

Dorsey & Whitney Trust CO LLC acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,898 shares of the scientific and technical instruments company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TRMB. Catalyst Capital Advisors LLC purchased a new stake in shares of Trimble in the 2nd quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Trimble during the 2nd quarter valued at approximately $48,000. Flaharty Asset Management LLC acquired a new position in Trimble in the first quarter valued at approximately $45,000. Steph & Co. grew its position in Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 592 shares during the period. Finally, State of Wyoming acquired a new stake in Trimble during the first quarter worth $58,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 1.2%

Shares of TRMB opened at $74.82 on Friday. The company’s 50-day simple moving average is $79.47 and its 200-day simple moving average is $77.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The stock has a market capitalization of $17.80 billion, a PE ratio of 64.50, a P/E/G ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million during the quarter. Analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRMB shares. Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Oppenheimer restated an “outperform” rating and issued a $102.00 price objective on shares of Trimble in a report on Thursday, November 6th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Raymond James Financial restated an “outperform” rating and issued a $93.00 price objective (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Trimble presently has an average rating of “Buy” and a consensus price target of $94.18.

Insider Buying and Selling at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the transaction, the director owned 15,170 shares in the company, valued at $1,228,770. The trade was a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the completion of the sale, the vice president owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,692 shares of company stock worth $1,954,986. 0.54% of the stock is currently owned by 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 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.