Mufg Securities Americas Inc. Increases Position in Trimble Inc. $TRMB

Mufg Securities Americas Inc. lifted its stake in Trimble Inc. (NASDAQ:TRMB) by 21.5% in the 2nd quarter, Holdings Channel reports. The firm owned 5,288 shares of the scientific and technical instruments company’s stock after purchasing an additional 937 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Trimble were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRMB. Vanguard Group Inc. lifted its position in shares of Trimble by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 30,288,658 shares of the scientific and technical instruments company’s stock valued at $1,988,450,000 after acquiring an additional 582,124 shares during the period. Generation Investment Management LLP increased its stake in Trimble by 19.1% in the 2nd quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Trimble by 26.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,978,106 shares of the scientific and technical instruments company’s stock worth $458,113,000 after purchasing an additional 1,445,851 shares during the last quarter. Boston Partners boosted its position in Trimble by 14.2% during the second quarter. Boston Partners now owns 4,161,427 shares of the scientific and technical instruments company’s stock worth $317,620,000 after purchasing an additional 516,462 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Trimble by 9.7% in the first quarter. Invesco Ltd. now owns 3,840,550 shares of the scientific and technical instruments company’s stock valued at $252,132,000 after purchasing an additional 339,750 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Price Performance

TRMB stock opened at $79.06 on Tuesday. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 68.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock’s fifty day simple moving average is $79.36 and its 200-day simple moving average is $78.29.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $93.00 price target (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $94.18.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total value of $596,250.00. Following the sale, the chief executive officer directly owned 84,879 shares of the company’s stock, valued at approximately $6,747,880.50. This trade represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 7,365 shares of the business’s 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. The trade was a 94.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,692 shares of company stock valued at $1,954,986. Insiders own 0.54% of the company’s stock.

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.