Trimble Inc. (NASDAQ:TRMB) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 56.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,480 shares of the scientific and technical instruments company’s stock after selling 1,896 shares during the quarter. Meeder Asset Management Inc.’s holdings in Trimble were worth $95,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new position in shares of Trimble during the fourth quarter valued at approximately $26,000. Tobam acquired a new position in shares of Trimble during the 1st quarter valued at $35,000. Principal Securities Inc. bought a new stake in shares of Trimble in the 4th quarter worth $52,000. Sound Income Strategies LLC lifted its holdings in shares of Trimble by 171.9% in the first quarter. Sound Income Strategies LLC now owns 998 shares of the scientific and technical instruments company’s stock valued at $64,000 after buying an additional 631 shares during the period. Finally, Criterion Capital Advisors LLC acquired a new position in Trimble during the fourth quarter worth about $67,000. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

Trimble Trading Down 0.1 %

Shares of TRMB stock traded down $0.06 during trading hours on Monday, reaching $57.29. 665,040 shares of the stock traded hands, compared to its average volume of 1,370,957. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $13.99 billion, a PE ratio of 59.68, a PEG ratio of 2.60 and a beta of 1.50. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55. The business has a fifty day moving average price of $56.06 and a 200 day moving average price of $57.20.

Trimble (NASDAQ:TRMB) last announced its earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $953.30 million for the quarter, compared to the consensus estimate of $921.15 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. On average, equities research analysts forecast that Trimble Inc. will post 2.21 EPS for the current year.

Analysts Set New Price Targets

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

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.