Trimble Inc. (NASDAQ:TRMB) Stake Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,818,478 shares of the scientific and technical instruments company’s stock after purchasing an additional 122,623 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of Trimble worth $128,488,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new stake in Trimble in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Trimble in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in Trimble in the 4th quarter worth about $36,000. Larson Financial Group LLC grew its position in Trimble by 164.8% in the 4th 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 last quarter. Finally, Friedenthal Financial bought a new position in Trimble in the 4th quarter worth about $49,000. 93.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRMB. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday. Oppenheimer increased their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Up 1.1%

NASDAQ TRMB opened at $68.12 on Monday. 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’s 50 day simple moving average is $63.87 and its 200 day simple moving average is $69.10. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a market capitalization of $16.25 billion, a P/E ratio of 11.19, a PEG ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Equities research analysts expect 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 the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $729,529.98. This represents a 17.40% decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company 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.