FSM Wealth Advisors LLC Purchases 327 Shares of Trimble Inc. $TRMB

FSM Wealth Advisors LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,434 shares of the scientific and technical instruments company’s stock after acquiring an additional 327 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Trimble were worth $349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC increased its holdings in shares of Trimble by 30.1% during the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock worth $268,000 after purchasing an additional 943 shares during the period. CX Institutional grew its position in Trimble by 11.7% during the second quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after buying an additional 739 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Trimble by 6.0% in the 1st quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock valued at $522,000 after acquiring an additional 452 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Trimble by 7.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock worth $2,355,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Trimble by 10.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock valued at $2,793,000 after purchasing an additional 4,185 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In other Trimble news, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total transaction of $602,015.10. Following the completion of the sale, the vice president owned 406 shares of the company’s stock, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,321 shares of company stock valued at $18,677,518. Company insiders own 0.54% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $80.70 on Friday. The stock’s 50-day moving average is $80.37 and its 200-day moving average is $75.18. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 1-year low of $52.91 and a 1-year high of $87.50. The stock has a market cap of $19.20 billion, a P/E ratio of 69.57, a price-to-earnings-growth ratio of 3.25 and a beta of 1.65.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million during the quarter. Equities research analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TRMB shares. Barclays initiated coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Raymond James Financial restated an “outperform” rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Oppenheimer boosted their target price on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $92.10.

Trimble Company 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.