Atria Wealth Solutions Inc. Acquires 697 Shares of Trimble Inc. (NASDAQ:TRMB)

Atria Wealth Solutions Inc. raised its stake in Trimble Inc. (NASDAQ:TRMB) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,056 shares of the scientific and technical instruments company’s stock after purchasing an additional 697 shares during the period. Atria Wealth Solutions Inc.’s holdings in Trimble were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRMB. GAMMA Investing LLC bought a new position in Trimble in the 4th quarter valued at about $80,000. Linden Thomas Advisory Services LLC lifted its holdings in Trimble by 1.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 26,560 shares of the scientific and technical instruments company’s stock worth $1,413,000 after purchasing an additional 426 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Trimble by 22.0% in the 4th quarter. New York State Common Retirement Fund now owns 951,967 shares of the scientific and technical instruments company’s stock valued at $50,645,000 after purchasing an additional 171,637 shares during the period. Duality Advisers LP grew its holdings in Trimble by 23.9% in the 4th quarter. Duality Advisers LP now owns 5,373 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 1,037 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new position in Trimble during the 4th quarter worth $202,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRMB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Monday. Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday. Finally, Robert W. Baird upped their target price on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Trimble has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following 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 legal filing with the SEC, which is accessible through this link. In other Trimble news, SVP Peter Large sold 1,447 shares of the stock in a transaction dated Tuesday, April 16th. The stock was 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 directly owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,828 shares of company stock valued at $1,013,519. 0.47% of the stock is owned by insiders.

Trimble Stock Down 0.8 %

Shares of TRMB opened at $56.54 on Thursday. The firm has a 50 day simple moving average of $61.26 and a two-hundred day simple moving average of $53.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. Trimble Inc. has a one year low of $39.57 and a one year high of $65.55. The company has a market cap of $13.81 billion, a P/E ratio of 58.90, a P/E/G ratio of 2.51 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $932.40 million during the quarter, compared to analysts’ expectations of $908.43 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. Trimble’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. Research analysts forecast that Trimble Inc. will post 2.23 EPS 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.