Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 4,915.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,301 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,976 shares during the quarter. Benjamin Edwards Inc.’s holdings in Trimble were worth $867,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TRMB. Schonfeld Strategic Advisors LLC boosted its stake in shares of Trimble by 383.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company’s stock worth $11,881,000 after acquiring an additional 174,917 shares in the last quarter. Barclays PLC grew its holdings in Trimble by 43.6% in the third quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company’s stock valued at $31,254,000 after purchasing an additional 176,139 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in shares of Trimble by 51.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 40,988 shares of the scientific and technical instruments company’s stock valued at $2,185,000 after buying an additional 13,899 shares in the last quarter. Mission Wealth Management LP raised its stake in shares of Trimble by 6.0% during the 4th quarter. Mission Wealth Management LP now owns 20,277 shares of the scientific and technical instruments company’s stock worth $1,079,000 after buying an additional 1,145 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Trimble by 126.1% in the 4th quarter. Raymond James & Associates now owns 133,858 shares of the scientific and technical instruments company’s stock worth $7,121,000 after buying an additional 74,667 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird raised their price target on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Insider Activity

In related news, VP Jennifer Allison sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Jennifer Allison sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the sale, the vice president now directly owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 16,828 shares of company stock valued at $1,013,519 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Trimble Trading Down 6.9 %

TRMB traded down $4.16 during midday trading on Friday, hitting $55.93. The company’s stock had a trading volume of 3,314,677 shares, compared to its average volume of 1,396,192. The firm has a market cap of $13.66 billion, a P/E ratio of 44.74, a PEG ratio of 2.63 and a beta of 1.51. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $61.66 and a two-hundred day moving average price of $53.74.

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