Norris Perne & French LLP MI Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Norris Perne & French LLP MI raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,468 shares of the scientific and technical instruments company’s stock after buying an additional 4,205 shares during the quarter. Norris Perne & French LLP MI owned about 0.10% of Trimble worth $16,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRMB. Kestra Advisory Services LLC raised its position in shares of Trimble by 31.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,370 shares of the scientific and technical instruments company’s stock valued at $559,000 after purchasing an additional 2,477 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Trimble by 83.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,873 shares of the scientific and technical instruments company’s stock worth $12,543,000 after buying an additional 105,824 shares during the last quarter. FMR LLC raised its position in Trimble by 27.9% during the 3rd quarter. FMR LLC now owns 235,950 shares of the scientific and technical instruments company’s stock worth $12,708,000 after buying an additional 51,506 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Trimble by 65.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,634 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 1,039 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in Trimble during the 3rd quarter worth approximately $43,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,182 shares of company stock worth $318,636. Corporate insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock traded up $0.50 during trading on Friday, reaching $55.92. The company had a trading volume of 1,390,794 shares, compared to its average volume of 1,455,308. The firm’s 50-day simple moving average is $56.71 and its 200 day simple moving average is $56.80. 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 $13.66 billion, a PE ratio of 58.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $953.30 million for the quarter, compared to analyst estimates of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. As a group, equities research analysts anticipate that Trimble Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TRMB shares. Piper Sandler reissued an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, May 6th. Raymond James reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Trimble in a research note on Wednesday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.