Sittner & Nelson LLC Sells 200 Shares of Trimble Inc. (NASDAQ:TRMB)

Sittner & Nelson LLC trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,545 shares of the scientific and technical instruments company’s stock after selling 200 shares during the quarter. Sittner & Nelson LLC’s holdings in Trimble were worth $1,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TRMB. Global Strategic Investment Solutions LLC purchased a new stake in shares of Trimble during the 3rd quarter valued at $237,000. Principal Financial Group Inc. raised its stake in Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares during the last quarter. Cornerstone Capital Inc. boosted its holdings in Trimble by 0.6% in the third quarter. Cornerstone Capital Inc. now owns 280,287 shares of the scientific and technical instruments company’s stock worth $17,403,000 after acquiring an additional 1,790 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Trimble during the third quarter worth about $76,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the 3rd quarter valued at approximately $49,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRMB. Robert W. Baird upped their price target on shares of Trimble from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Piper Sandler upped their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

Trimble Trading Down 0.7 %

Trimble stock opened at $72.14 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.62 billion, a PE ratio of 12.06, a P/E/G ratio of 3.23 and a beta of 1.49. The stock’s 50 day simple moving average is $60.14 and its two-hundred day simple moving average is $57.39. Trimble Inc. has a 12 month low of $40.79 and a 12 month high of $73.17.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.67% and a return on equity of 10.18%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. Analysts anticipate that Trimble Inc. will post 2.25 earnings per share for the current year.

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.