Sora Investors LLC Purchases 83,887 Shares of Trimble Inc. (NASDAQ:TRMB)

Sora Investors LLC increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 23.0% during the 4th quarter, HoldingsChannel reports. The fund owned 448,887 shares of the scientific and technical instruments company’s stock after acquiring an additional 83,887 shares during the quarter. Trimble comprises approximately 3.5% of Sora Investors LLC’s portfolio, making the stock its 6th biggest holding. Sora Investors LLC’s holdings in Trimble were worth $31,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRMB. Crowley Wealth Management Inc. acquired a new position in Trimble in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Trimble in the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble in the fourth quarter valued at about $36,000. Larson Financial Group LLC lifted its position in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 422 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Down 0.0%

Shares of NASDAQ:TRMB opened at $71.24 on Friday. The firm’s 50 day moving average price is $64.10 and its 200 day moving average price is $69.26. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 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 for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $840.60 million for the quarter, compared to analysts’ expectations of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. As a group, equities research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the firm’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 transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40% decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Trimble from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Oppenheimer upped their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $88.43.

About Trimble

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.