EverSource Wealth Advisors LLC Acquires 1,388 Shares of Trimble Inc. (NASDAQ:TRMB)

EverSource Wealth Advisors LLC increased its holdings in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 687.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,590 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,388 shares during the period. EverSource Wealth Advisors LLC’s holdings in Trimble were worth $85,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Operose Advisors LLC bought a new stake in Trimble during the 3rd quarter worth approximately $43,000. Principal Securities Inc. acquired a new position in Trimble during the 4th quarter worth $52,000. Criterion Capital Advisors LLC acquired a new position in Trimble during the 4th quarter worth $67,000. First Horizon Advisors Inc. lifted its holdings in Trimble by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Trimble during the 4th quarter worth $80,000. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRMB. Robert W. Baird upped their price objective on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Raymond James reissued an “outperform” rating and issued a $65.00 price target on shares of Trimble in a research note on Wednesday, May 15th. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Read Our Latest Analysis on TRMB

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 3,500 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the sale, the chief executive officer now owns 183,555 shares in the company, valued at approximately $11,472,187.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at approximately $11,472,187.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $85,517.70. Following the completion of the sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. Insiders sold a total of 9,093 shares of company stock worth $564,872 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

Trimble Price Performance

TRMB opened at $56.80 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $55.05. The stock has a market cap of $13.87 billion, a P/E ratio of 59.17, a P/E/G ratio of 2.58 and a beta of 1.51.

Trimble (NASDAQ:TRMBGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. On average, research analysts expect that Trimble Inc. will post 2.21 EPS for the current year.

About Trimble

(Free Report)

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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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