2 weeks Ago By ABMN Staff
Intech Investment Management LLC bought a new position in shares of Trimble Inc. ( NASDAQ:TRMB – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,809 shares of the scientific and technical instruments company’s stock, valued at approximately $269,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in Trimble in the fourth quarter valued at about $775,000. US Bancorp DE lifted its holdings in shares of Trimble by 6.
2% in the 4th quarter. US Bancorp DE now owns 34,207 shares of the scientific and technical instruments company’s stock worth $1,820,000 after acquiring an additional 1,993 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Trimble during the 4th quarter worth approximately $191,000.
Hsbc Holdings PLC increased its holdings in Trimble by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 407,332 shares of the scientific and technical instruments company’s stock valued at $21,691,000 after purchasing an additional 42,432 shares during the last quarter.
Finally, TD Asset Management Inc lifted its stake in Trimble by 6.8% during the fourth quarter. TD Asset Management Inc now owns 103,823 shares of the scientific and technical instruments company’s stock worth $5,523,000 after purchasing an additional 6,627 shares in the last quarter.
Hedge funds and other institutional investors own 93.21% of the company’s stock. Analyst Ratings Changes TRMB has been the subject of a number of research reports.
Robert W. Baird lifted their price objective on Trimble from $65.00 to $66.
00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th.
StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Piper Sandler reaffirmed an “overweight” rating and set a $73.
00 target price on shares of Trimble in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Trimble from $58.
00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.
Trimble Trading Up 1.9 % NASDAQ TRMB opened at $61.65 on Friday.
Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.
55. The firm has a 50 day moving average of $55.57 and a two-hundred day moving average of $57.
33. The company has a quick ratio of 0.88, a current ratio of 0.
99 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.
06 billion, a PE ratio of 64.22, a price-to-earnings-growth ratio of 2.63 and a beta of 1.
48. Trimble ( NASDAQ:TRMB – Get Free Report ) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.
62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04.
Trimble had a net margin of 40.70% and a return on equity of 10.94%.
The firm had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million.
During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was down 12.
4% compared to the same quarter last year. As a group, research analysts expect that Trimble Inc. will post 2.
23 EPS for the current fiscal year. About Trimble ( 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.
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