Yousif Capital Management LLC Sells 1,061 Shares of Trimble Inc. (NASDAQ:TRMB)

Yousif Capital Management LLC trimmed its stake in Trimble Inc. (NASDAQ:TRMB) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,664 shares of the scientific and technical instruments company’s stock after selling 1,061 shares during the period. Yousif Capital Management LLC’s holdings in Trimble were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Operose Advisors LLC purchased a new position in shares of Trimble during the third quarter valued at $43,000. Criterion Capital Advisors LLC purchased a new position in Trimble during the fourth quarter valued at approximately $67,000. GAMMA Investing LLC bought a new position in Trimble in the fourth quarter worth approximately $80,000. Orion Capital Management LLC purchased a new stake in Trimble during the third quarter worth $86,000. Finally, CVA Family Office LLC bought a new stake in Trimble during the 4th quarter valued at $111,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Down 2.5 %

Shares of NASDAQ:TRMB opened at $58.59 on Thursday. The business’s 50-day moving average is $61.72 and its 200 day moving average is $53.66. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The firm has a market capitalization of $14.31 billion, a P/E ratio of 46.87, a P/E/G ratio of 2.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87.

Trimble (NASDAQ:TRMB) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company had revenue of $932.40 million for the quarter, compared to analyst estimates of $908.43 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Robert W. Baird boosted their price target on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Oppenheimer boosted their price target on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the transaction, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now directly owns 2,315 shares of the company’s stock, valued at $137,927.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the transaction, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders have sold 16,828 shares of company stock valued at $1,013,519 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

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.