Cwm LLC Has $225,000 Stake in Trimble Inc. (NASDAQ:TRMB)

Cwm LLC boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 51.5% in the first quarter, HoldingsChannel.com reports. The firm owned 3,499 shares of the scientific and technical instruments company’s stock after buying an additional 1,189 shares during the period. Cwm LLC’s holdings in Trimble were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TRMB. Generation Investment Management LLP increased its holdings in Trimble by 89.5% in the fourth quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock valued at $652,787,000 after purchasing an additional 5,796,030 shares during the period. Norges Bank acquired a new stake in Trimble during the 4th quarter worth about $132,319,000. Morgan Stanley grew its holdings in Trimble by 10.0% during the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock worth $412,285,000 after acquiring an additional 694,842 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Trimble by 13.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock worth $276,080,000 after acquiring an additional 603,020 shares during the period. Finally, Contour Asset Management LLC grew its holdings in Trimble by 14.6% during the 4th quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock worth $185,126,000 after acquiring an additional 442,131 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Up 0.7 %

Shares of TRMB stock opened at $56.14 on Friday. The company has a 50 day moving average of $57.00 and a 200-day moving average of $56.57. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55. The firm has a market cap of $13.71 billion, a P/E ratio of 58.48, a PEG ratio of 2.53 and a beta of 1.51.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The business had revenue of $953.30 million during the quarter, compared to analyst estimates of $921.15 million. Sell-side analysts anticipate that Trimble Inc. will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRMB shares. Piper Sandler reiterated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Monday, May 6th. Finally, Raymond James reiterated an “outperform” rating and issued a $65.00 price objective on shares of Trimble in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Activity at Trimble

In other Trimble news, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at approximately $485,802. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the sale, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at approximately $485,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the sale, the chief executive officer now directly owns 183,555 shares of the company’s stock, valued at $11,472,187.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,182 shares of company stock worth $318,636. Corporate insiders own 0.47% of the company’s stock.

About Trimble

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.