Jupiter Asset Management Ltd. Sells 92,634 Shares of Trimble Inc. (NASDAQ:TRMB)

Jupiter Asset Management Ltd. reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 19.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 392,954 shares of the scientific and technical instruments company’s stock after selling 92,634 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.16% of Trimble worth $25,291,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Frazier Financial Advisors LLC bought a new position in Trimble during the 4th quarter worth approximately $26,000. Tobam bought a new position in Trimble during the first quarter worth $35,000. Principal Securities Inc. acquired a new position in Trimble in the fourth quarter valued at $52,000. Sound Income Strategies LLC grew its holdings in Trimble by 171.9% during the 1st quarter. Sound Income Strategies LLC now owns 998 shares of the scientific and technical instruments company’s stock worth $64,000 after acquiring an additional 631 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in shares of Trimble in the 4th quarter worth about $67,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRMB shares. JPMorgan Chase & Co. raised their target price on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Raymond James reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Trimble in a research report on Wednesday, May 15th. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research note on Monday, May 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average target price of $66.67.

Trimble Stock Down 2.3 %

Shares of TRMB traded down $1.29 on Friday, reaching $55.98. The company’s stock had a trading volume of 845,173 shares, compared to its average volume of 1,014,737. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The stock has a market capitalization of $13.67 billion, a PE ratio of 58.31, a PEG ratio of 2.54 and a beta of 1.50. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $56.12 and a 200-day moving average of $57.30.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $953.30 million during the quarter, compared to the consensus estimate of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. Equities analysts predict that Trimble Inc. will post 2.21 EPS for the current year.

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.