Geode Capital Management LLC increased its position in Trimble Inc. (NASDAQ:TRMB – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,762,430 shares of the scientific and technical instruments company’s stock after buying an additional 88,925 shares during the period. Geode Capital Management LLC owned about 1.90% of Trimble worth $414,203,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TRMB. Bell Investment Advisors Inc acquired a new position in shares of Trimble in the third quarter valued at approximately $25,000. Lenox Wealth Advisors LLC increased its position in Trimble by 8,000.0% during the fourth quarter. Lenox Wealth Advisors LLC now owns 405 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Trimble during the fourth quarter worth approximately $52,000. EverSource Wealth Advisors LLC acquired a new position in Trimble during the fourth quarter worth approximately $55,000. Finally, RE Advisers Corp increased its position in Trimble by 31.1% during the fourth quarter. RE Advisers Corp now owns 742 shares of the scientific and technical instruments company’s stock worth $65,000 after purchasing an additional 176 shares during the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.
TRMB has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Trimble from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, March 28th. StockNews.com assumed coverage on shares of Trimble in a research note on Thursday, March 31st. They set a “buy” rating for the company. Morgan Stanley upgraded shares of Trimble from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $70.00 to $67.00 in a research note on Monday. William Blair reiterated an “outperform” rating on shares of Trimble in a research note on Thursday, May 5th. Finally, Piper Sandler boosted their price objective on shares of Trimble from $101.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $84.50.
Shares of TRMB stock opened at $67.00 on Tuesday. The company has a market capitalization of $16.76 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.53. The firm has a fifty day simple moving average of $68.50 and a 200-day simple moving average of $74.57. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Trimble Inc. has a twelve month low of $59.89 and a twelve month high of $96.49.
Trimble (NASDAQ:TRMB – Get Rating) last announced its earnings results on Thursday, May 5th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $993.70 million during the quarter, compared to the consensus estimate of $967.25 million. Trimble had a net margin of 12.97% and a return on equity of 15.20%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that Trimble Inc. will post 2.41 EPS for the current year.
Trimble Company Profile (Get Rating)
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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