Trimble Inc. (NASDAQ:TRMB) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,269 shares of the scientific and technical instruments company’s stock after acquiring an additional 196 shares during the quarter. First Horizon Advisors Inc.’s holdings in Trimble were worth $68,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Operose Advisors LLC purchased a new position in shares of Trimble during the 3rd quarter valued at approximately $43,000. Criterion Capital Advisors LLC acquired a new position in shares of Trimble in the fourth quarter worth about $67,000. GAMMA Investing LLC purchased a new stake in shares of Trimble during the 4th quarter worth about $80,000. Orion Capital Management LLC acquired a new stake in shares of Trimble during the 3rd quarter valued at about $86,000. Finally, CVA Family Office LLC purchased a new position in shares of Trimble in the 4th quarter valued at about $111,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ:TRMB opened at $57.00 on Wednesday. The company has a market cap of $13.92 billion, a P/E ratio of 59.38, a P/E/G ratio of 2.51 and a beta of 1.51. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company’s 50-day moving average price is $61.34 and its 200-day moving average price is $53.92. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

Trimble (NASDAQ:TRMB) last released its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $932.40 million for the quarter, compared to analyst estimates of $908.43 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, sell-side analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the topic of several research analyst reports. Robert W. Baird raised 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 target on shares of Trimble in a report on Monday. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. boosted their target price 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 issued a $72.00 price target on shares of Trimble in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.67.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now owns 2,315 shares in the company, valued at approximately $137,927.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Peter Large sold 1,447 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. 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 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.