Trimble Inc. (NASDAQ:TRMB) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 1.9% during the first quarter, Holdings Channel reports. The firm owned 131,332 shares of the scientific and technical instruments company’s stock after selling 2,528 shares during the period. Geneva Capital Management LLC’s holdings in Trimble were worth $8,453,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new position in shares of Trimble during the 4th quarter valued at $26,000. Tobam acquired a new position in shares of Trimble during the 1st quarter valued at $35,000. Principal Securities Inc. acquired a new position in shares of Trimble during the 4th quarter valued at $52,000. Sound Income Strategies LLC lifted its holdings in shares of Trimble by 171.9% during the 1st quarter. Sound Income Strategies LLC now owns 998 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 631 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Trimble during the 4th quarter valued at $67,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Raymond James reaffirmed an “outperform” rating and set a $65.00 price target on shares of Trimble in a research note on Wednesday, May 15th. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, May 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Buying and Selling at Trimble

In other news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction that occurred 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 directly owns 8,220 shares of the company’s stock, valued at approximately $485,802. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

Trimble Stock Up 1.6 %

Shares of TRMB traded up $0.90 during midday trading on Thursday, hitting $56.25. The company had a trading volume of 938,103 shares, compared to its average volume of 1,379,330. The company’s 50 day moving average price is $56.08 and its 200 day moving average price is $57.09. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 57.66, a PEG ratio of 2.55 and a beta of 1.50. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. 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 (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $921.15 million. On average, equities research analysts predict that Trimble Inc. will post 2.21 EPS 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.