Qsemble Capital Management LP Makes New $604,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Qsemble Capital Management LP bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 10,795 shares of the scientific and technical instruments company’s stock, valued at approximately $604,000.

Other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in Trimble during the fourth quarter worth about $26,000. Tobam acquired a new position in shares of Trimble in the first quarter valued at approximately $35,000. GPS Wealth Strategies Group LLC increased its stake in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares during the period. Blue Trust Inc. increased its stake in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 313 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Trimble in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a research note on Monday, August 19th. Robert W. Baird upped 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. JPMorgan Chase & Co. lowered their price objective on Trimble from $65.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.33.

Trimble Stock Performance

NASDAQ:TRMB opened at $56.50 on Friday. The company has a market capitalization of $13.80 billion, a PE ratio of 58.85, a P/E/G ratio of 2.47 and a beta of 1.48. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a 50 day simple moving average of $55.08 and a two-hundred day simple moving average of $57.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $870.80 million for the quarter, compared to analysts’ expectations of $862.50 million. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Research analysts anticipate that Trimble Inc. will post 2.22 earnings per share for the current year.

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.