Compagnie Lombard Odier SCmA Purchases 50,154 Shares of Trimble Inc. (NASDAQ:TRMB)

Compagnie Lombard Odier SCmA raised its position in Trimble Inc. (NASDAQ:TRMB) by 34.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 197,134 shares of the scientific and technical instruments company’s stock after acquiring an additional 50,154 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Trimble were worth $12,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Trimble by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 29,213,613 shares of the scientific and technical instruments company’s stock valued at $1,554,164,000 after acquiring an additional 273,863 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Trimble by 2.4% in the 1st 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 acquiring an additional 126,472 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Trimble by 1,387.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after acquiring an additional 3,589,249 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Trimble by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after acquiring an additional 239,673 shares in the last quarter. Finally, FIL Ltd lifted its stake in Trimble by 5.2% in the 4th quarter. FIL Ltd now owns 3,588,699 shares of the scientific and technical instruments company’s stock valued at $190,919,000 after acquiring an additional 178,375 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock traded up $1.27 during trading on Friday, reaching $63.01. 1,436,370 shares of the company’s stock were exchanged, compared to its average volume of 1,507,342. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.39 billion, a PE ratio of 10.30, a PEG ratio of 2.77 and a beta of 1.49. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The firm’s fifty day moving average price is $57.00 and its 200-day moving average price is $57.23.

Trimble (NASDAQ:TRMB) last posted its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of analyst reports. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Piper Sandler reiterated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday, August 19th. Oppenheimer reiterated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Robert W. Baird upped their price objective on Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.