Trimble Inc. (NASDAQ:TRMB) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,532,255 shares of the scientific and technical instruments company’s stock after purchasing an additional 134,277 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.25% of Trimble worth $390,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRMB. Barclays PLC lifted its holdings in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after acquiring an additional 30,457 shares during the period. Merit Financial Group LLC acquired a new position in Trimble in the fourth quarter valued at approximately $602,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Trimble by 3,560.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company’s stock valued at $1,185,000 after acquiring an additional 16,307 shares during the period. Trust Asset Management LLC acquired a new position in Trimble in the fourth quarter valued at approximately $203,000. Finally, Lmcg Investments LLC acquired a new position in Trimble in the fourth quarter valued at approximately $3,283,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.9%

Shares of TRMB stock opened at $72.31 on Wednesday. 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 company has a market cap of $17.25 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 3.09 and a beta of 1.67. The stock has a 50 day simple moving average of $64.41 and a 200-day simple moving average of $69.54. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Trimble from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trimble has an average rating of “Buy” and a consensus price target of $88.43.

Insider Buying and Selling

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

Trimble 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.