Avitas Wealth Management LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB – Get Rating) in the fourth quarter, Holdings Channel.com reports. The fund purchased 16,973 shares of the scientific and technical instruments company’s stock, valued at approximately $1,480,000.
A number of other large investors also recently modified their holdings of the business. Bell Investment Advisors Inc bought a new stake in shares of Trimble in the 3rd quarter worth $25,000. Lenox Wealth Advisors LLC increased its stake in Trimble by 8,000.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 405 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in Trimble in the 3rd quarter worth approximately $42,000. RE Advisers Corp lifted its position in Trimble by 55.5% during the 3rd quarter. RE Advisers Corp now owns 566 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 202 shares during the period. Finally, Harbor Investment Advisory LLC bought a new stake in Trimble during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 88.84% of the company’s stock.
A number of equities research analysts recently issued reports on TRMB shares. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Tuesday, January 4th. Morgan Stanley reduced their price target on shares of Trimble from $76.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, January 25th. Raymond James cut their target price on shares of Trimble from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Trimble from $79.00 to $77.00 in a research note on Monday. Finally, Piper Sandler boosted their price target on shares of Trimble from $101.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $85.17.
NASDAQ TRMB opened at $71.60 on Monday. The stock has a market cap of $17.99 billion, a PE ratio of 36.91, a P/E/G ratio of 2.32 and a beta of 1.58. Trimble Inc. has a fifty-two week low of $62.32 and a fifty-two week high of $96.49. The business has a 50 day moving average price of $69.24 and a two-hundred day moving average price of $79.89. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.33.
Trimble (NASDAQ:TRMB – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The scientific and technical instruments company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $889.75 million. Trimble had a net margin of 13.47% and a return on equity of 15.08%. During the same period in the previous year, the business earned $0.53 earnings per share. Sell-side analysts anticipate that Trimble Inc. will post 2.43 EPS for the current fiscal year.
In other news, VP Ronald Bisio sold 2,660 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $65.98, for a total value of $175,506.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sandra Macquillan sold 10,500 shares of Trimble stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $66.44, for a total value of $697,620.00. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Trimble Company Profile (Get Rating)
Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.
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