Penserra Capital Management LLC Has $3.53 Million Stock Holdings in Trimble Inc. $TRMB

Penserra Capital Management LLC increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 20.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,472 shares of the scientific and technical instruments company’s stock after buying an additional 8,006 shares during the period. Penserra Capital Management LLC’s holdings in Trimble were worth $3,530,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Trimble during the second quarter worth approximately $34,000. Ameritas Advisory Services LLC acquired a new stake in Trimble during the 2nd quarter worth approximately $48,000. Flaharty Asset Management LLC acquired a new stake in Trimble during the 1st quarter worth approximately $45,000. Steph & Co. boosted its stake in Trimble by 592.0% in the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 592 shares during the period. Finally, State of Wyoming acquired a new position in Trimble in the 1st quarter valued at $58,000. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total value of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares in the company, valued at approximately $6,988,471.35. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the sale, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 15,474 shares of company stock valued at $1,219,578. 0.54% of the stock is currently owned by corporate insiders.

Trimble Price Performance

TRMB stock opened at $78.90 on Monday. The company’s 50-day moving average price is $79.98 and its two-hundred day moving average price is $77.19. The firm has a market cap of $18.77 billion, a P/E ratio of 68.02, a P/E/G 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 12 month low of $52.91 and a 12 month high of $87.50.

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

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research reports. Barclays initiated coverage on Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 target price for the company. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 price objective (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 target price on shares of Trimble in a report on Friday. Finally, Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $94.20.

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.