Smartleaf Asset Management LLC Buys 658 Shares of Trimble Inc. $TRMB

Smartleaf Asset Management LLC boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 34.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 658 shares during the period. Smartleaf Asset Management LLC’s holdings in Trimble were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its stake in shares of Trimble by 30.1% during the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after acquiring an additional 943 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Trimble by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock valued at $522,000 after acquiring an additional 452 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Trimble by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock valued at $2,355,000 after acquiring an additional 2,397 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Trimble by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock valued at $2,793,000 after acquiring an additional 4,185 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Trimble by 25.1% during the first quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company’s stock valued at $346,000 after acquiring an additional 1,059 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TRMB shares. Oppenheimer raised their price target on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 price target (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $90.50.

Insiders Place Their Bets

In other Trimble news, VP Mark David Schwartz sold 1,404 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $112,320.00. Following the completion of the sale, the vice president directly owned 21,001 shares in the company, valued at approximately $1,680,080. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,156 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $252,480.00. Following the completion of the sale, the vice president owned 2,882 shares of the company’s stock, valued at $230,560. The trade was a 52.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,383 shares of company stock worth $18,529,318. 0.54% of the stock is currently owned by company insiders.

Trimble Trading Up 0.9%

NASDAQ:TRMB opened at $82.18 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 70.85, a PEG ratio of 3.34 and a beta of 1.69. The firm has a fifty day simple moving average of $80.60 and a two-hundred day simple moving average of $72.14. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $875.70 million during the quarter, compared to analysts’ expectations of $835.81 million. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.62 earnings per share. Analysts expect that Trimble Inc. will post 2.37 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.