Aptus Capital Advisors LLC Makes New $222,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Aptus Capital Advisors LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, Holdings Channel reports. The fund purchased 3,138 shares of the scientific and technical instruments company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in Trimble by 4.3% during the 3rd quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after purchasing an additional 30,457 shares during the period. Principal Financial Group Inc. increased its holdings in Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares during the period. Fulton Bank N.A. lifted its holdings in Trimble by 32.8% during the fourth quarter. Fulton Bank N.A. now owns 11,256 shares of the scientific and technical instruments company’s stock worth $795,000 after buying an additional 2,781 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Trimble by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,038 shares of the scientific and technical instruments company’s stock worth $2,193,000 after buying an additional 486 shares during the period. Finally, Czech National Bank increased its holdings in shares of Trimble by 6.4% in the 4th quarter. Czech National Bank now owns 52,950 shares of the scientific and technical instruments company’s stock valued at $3,741,000 after acquiring an additional 3,203 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 1.1 %

Shares of Trimble stock opened at $68.12 on Friday. The firm’s 50 day simple moving average is $63.87 and its two-hundred day simple moving average is $68.98. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a return on equity of 10.56% and a net margin of 40.84%. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Insider Activity at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRMB. Piper Sandler restated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Thursday. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $86.00.

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.