Savant Capital LLC Buys 16,884 Shares of Trimble Inc. $TRMB

Savant Capital LLC increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 139.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,949 shares of the scientific and technical instruments company’s stock after buying an additional 16,884 shares during the quarter. Savant Capital LLC’s holdings in Trimble were worth $2,200,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter worth approximately $211,000. Envestnet Asset Management Inc. lifted its position in Trimble by 3.7% in the first quarter. Envestnet Asset Management Inc. now owns 283,216 shares of the scientific and technical instruments company’s stock worth $18,593,000 after purchasing an additional 10,201 shares during the period. Alps Advisors Inc. acquired a new stake in Trimble during the first quarter worth $335,000. Cerity Partners LLC increased its holdings in Trimble by 29.1% in the 1st quarter. Cerity Partners LLC now owns 87,492 shares of the scientific and technical instruments company’s stock valued at $5,744,000 after buying an additional 19,724 shares during the period. Finally, Xponance Inc. raised its stake in shares of Trimble by 10.5% in the 1st quarter. Xponance Inc. now owns 39,871 shares of the scientific and technical instruments company’s stock valued at $2,618,000 after buying an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 1.0%

Shares of TRMB opened at $79.70 on Tuesday. The company has a market capitalization of $18.96 billion, a P/E ratio of 68.71, a PEG ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The business’s 50 day simple moving average is $79.96 and its 200-day simple moving average is $77.32.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The firm had revenue of $856.50 million during the quarter. As a group, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kaigham Gabriel sold 1,718 shares of Trimble stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the transaction, the director directly owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $75.65, for a total transaction of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares in the company, valued at approximately $6,988,471.35. This represents a 7.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 17,192 shares of company stock valued at $1,358,736. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRMB. Barclays initiated coverage on shares of Trimble in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price objective on shares of Trimble in a report on Friday. Berenberg Bank set a $95.00 price objective on Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $94.20.

About Trimble

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.