Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 517.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 53,206 shares of the scientific and technical instruments company’s stock after purchasing an additional 44,589 shares during the quarter. Quantinno Capital Management LP’s holdings in Trimble were worth $3,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in Trimble during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Trimble during the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the fourth quarter worth about $36,000. Larson Financial Group LLC lifted its holdings in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Mather Group LLC. grew its position in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TRMB shares. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy 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 $88.43.

Trimble Stock Up 0.9%

TRMB stock opened at $71.89 on Monday. The firm has a market cap of $17.15 billion, a PE ratio of 11.80, a P/E/G ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $64.21 and a 200 day simple moving average of $69.45.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $840.60 million for the quarter, compared to analysts’ expectations of $810.45 million. Trimble had a return on equity of 10.56% and a net margin of 40.84%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.