Mutual of America Capital Management LLC Has $1.77 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Mutual of America Capital Management LLC cut its position in Trimble Inc. (NASDAQ:TRMB) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,291 shares of the scientific and technical instruments company’s stock after selling 1,461 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trimble were worth $1,771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRMB. American Century Companies Inc. raised its holdings in shares of Trimble by 12.9% during the 1st quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock worth $481,000 after buying an additional 760 shares in the last quarter. Private Advisor Group LLC bought a new position in Trimble in the first quarter valued at about $271,000. Dimensional Fund Advisors LP raised its stake in Trimble by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock worth $82,251,000 after acquiring an additional 6,402 shares in the last quarter. Prudential PLC bought a new position in shares of Trimble in the first quarter worth about $371,000. Finally, National Pension Service boosted its stake in shares of Trimble by 5.1% in the 1st quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock valued at $31,796,000 after purchasing an additional 21,426 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TRMB shares. Robert W. Baird upped their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Oppenheimer lifted their price target on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and an average price target of $64.83.

Insider Buying and Selling at Trimble

In other news, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Peter Large sold 1,447 shares of Trimble 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 of the company’s stock, valued at approximately $485,802. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of the business’s 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 completion of the transaction, 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 90 days, insiders sold 16,828 shares of company stock valued at $1,013,519. 0.61% of the stock is currently owned by company insiders.

Trimble Stock Performance

Shares of Trimble stock opened at $57.97 on Monday. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 2.60 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company’s fifty day moving average is $61.55 and its 200 day moving average is $53.25. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56.

Trimble (NASDAQ:TRMB) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Sell-side analysts forecast that Trimble Inc. will post 2.23 EPS for the current 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.