Trimble Inc. (NASDAQ:TRMB) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.9% during the 1st quarter, Holdings Channel reports. The fund owned 19,279 shares of the scientific and technical instruments company’s stock after selling 998 shares during the quarter. Mission Wealth Management LP’s holdings in Trimble were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp grew its holdings in Trimble by 56.7% during the fourth quarter. Truist Financial Corp now owns 38,884 shares of the scientific and technical instruments company’s stock worth $2,069,000 after acquiring an additional 14,074 shares during the period. Hunter Associates Investment Management LLC grew its holdings in 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 purchasing an additional 13,899 shares during the period. Jump Financial LLC grew its holdings in Trimble by 80.9% in the fourth quarter. Jump Financial LLC now owns 40,203 shares of the scientific and technical instruments company’s stock valued at $2,139,000 after purchasing an additional 17,979 shares during the period. Contour Asset Management LLC grew its holdings in Trimble by 14.6% in the fourth quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock valued at $185,126,000 after purchasing an additional 442,131 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Trimble by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,315,941 shares of the scientific and technical instruments company’s stock valued at $342,134,000 after purchasing an additional 126,472 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 0.7 %

Trimble stock traded up $0.38 during trading on Friday, reaching $55.89. 717,735 shares of the company were exchanged, compared to its average volume of 1,307,739. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. The company has a market capitalization of $13.65 billion, a P/E ratio of 58.22, a PEG ratio of 2.52 and a beta of 1.50. The stock’s 50 day simple moving average is $56.33 and its two-hundred day simple moving average is $56.99.

Trimble (NASDAQ:TRMB) last posted its earnings results 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 return on equity of 12.04% and a net margin of 6.25%. The company had revenue of $953.30 million for the quarter, compared to the consensus estimate of $921.15 million. On average, equities research analysts expect that Trimble Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on TRMB shares. JPMorgan Chase & Co. raised their price objective on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, May 6th. Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a report on Monday, May 6th. Finally, Raymond James reissued an “outperform” rating and issued a $65.00 price objective on shares of Trimble in a report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Insider Buying and Selling at Trimble

In other Trimble news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction 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 sale, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert G. Painter sold 3,500 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter Large sold 1,447 shares of the business’s 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 completion of the sale, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. Insiders have sold 5,182 shares of company stock worth $318,636 over the last quarter. 0.47% of the stock is currently owned by company insiders.

About Trimble

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.