SG Americas Securities LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 825.9% during the second quarter, HoldingsChannel reports. The firm owned 87,021 shares of the scientific and technical instruments company’s stock after purchasing an additional 77,622 shares during the quarter. SG Americas Securities LLC’s holdings in Trimble were worth $4,607,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Clear Street Markets LLC raised its stake in Trimble by 93.2% in the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 234 shares during the last quarter. Exos TFP Holdings LLC acquired a new position in shares of Trimble in the fourth quarter valued at about $31,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Trimble in the fourth quarter worth about $33,000. CI Investments Inc. boosted its position in Trimble by 109.3% in the fourth quarter. CI Investments Inc. now owns 695 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 363 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Trimble in the 4th quarter worth approximately $36,000. 90.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on TRMB shares. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Trimble in a report on Friday, August 4th. Finally, The Goldman Sachs Group boosted their price objective on Trimble from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.71.
Trimble Price Performance
NASDAQ:TRMB opened at $52.12 on Tuesday. The stock has a market capitalization of $12.94 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.55. Trimble Inc. has a 52 week low of $45.43 and a 52 week high of $62.40. The company has a quick ratio of 0.84, a current ratio of 1.12 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $53.43 and its 200-day moving average price is $50.82.
Trimble (NASDAQ:TRMB – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Trimble had a return on equity of 13.12% and a net margin of 9.45%. The business had revenue of $993.60 million during the quarter, compared to analysts’ expectations of $979.08 million. As a group, equities analysts expect that Trimble Inc. will post 2.14 EPS for the current fiscal year.
Insider Transactions at Trimble
In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $50.34, for a total value of $125,850.00. Following the transaction, the chief executive officer now directly owns 209,856 shares of the company’s stock, valued at approximately $10,564,151.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $50.34, for a total value of $125,850.00. Following the transaction, the chief executive officer now owns 209,856 shares in the company, valued at $10,564,151.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Peter Large sold 1,020 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $53.00, for a total value of $54,060.00. Following the sale, the senior vice president now owns 2,076 shares of the company’s stock, valued at $110,028. The disclosure for this sale can be found here. Insiders sold 10,040 shares of company stock valued at $531,470 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.
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 route selection and design; 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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