OMERS ADMINISTRATION Corp Sells 4,079 Shares of Trimble Inc. (NASDAQ:TRMB)

OMERS ADMINISTRATION Corp trimmed its position in Trimble Inc. (NASDAQ:TRMBFree Report) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,378 shares of the scientific and technical instruments company’s stock after selling 4,079 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Trimble were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in Trimble by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after buying an additional 141 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in Trimble by 0.5% in the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock valued at $2,017,000 after buying an additional 141 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Trimble by 12.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 149 shares during the last quarter. M&T Bank Corp grew its stake in Trimble by 1.6% in the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock valued at $717,000 after buying an additional 156 shares during the last quarter. Finally, Huntington National Bank grew its stake in Trimble by 10.4% in the 4th quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company’s stock valued at $125,000 after buying an additional 167 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $411,048.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Trimble Stock Up 0.9%

Shares of TRMB opened at $71.89 on Friday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The firm’s 50 day moving average is $64.21 and its 200-day moving average is $69.39. The stock has a market capitalization of $17.15 billion, a PE ratio of 11.80, a P/E/G ratio of 3.09 and a beta of 1.67. 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:TRMBGet Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Equities research analysts forecast that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Cfra upgraded 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trimble has a consensus rating of “Buy” and an average target price of $88.43.

Get Our Latest Stock Analysis on TRMB

Trimble Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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