Trimble Inc. (NASDAQ:TRMB) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Trimble Inc. (NASDAQ:TRMB) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,425 shares of the scientific and technical instruments company’s stock after selling 2,419 shares during the quarter. Xponance Inc.’s holdings in Trimble were worth $1,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in Trimble in the third quarter valued at approximately $43,000. Orion Capital Management LLC acquired a new position in Trimble in the third quarter valued at approximately $86,000. CVA Family Office LLC acquired a new position in Trimble in the fourth quarter valued at approximately $111,000. Tennessee Valley Asset Management Partners acquired a new position in Trimble in the fourth quarter valued at approximately $117,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Trimble by 65.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,634 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 1,039 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Up 1.3 %

Trimble stock opened at $59.69 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 2.64 and a beta of 1.50. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The stock’s fifty day moving average is $61.71 and its two-hundred day moving average is $53.36.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. JPMorgan Chase & Co. increased their price objective on Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, February 9th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Oppenheimer increased their price objective on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.83.

Insider Buying and Selling at Trimble

In related news, SVP Peter Large sold 1,447 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Large sold 1,447 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the sale, the senior vice president now directly owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,828 shares of company stock valued at $1,013,519. Insiders own 0.47% of the company’s stock.

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.