Blair William & Co. IL Sells 4,637 Shares of Trimble Inc. (NASDAQ:TRMB)

Blair William & Co. IL lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,475 shares of the scientific and technical instruments company’s stock after selling 4,637 shares during the period. Blair William & Co. IL owned approximately 0.07% of Trimble worth $9,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRMB. Fulton Bank N.A. increased its holdings in shares of Trimble by 2.6% during the first quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock valued at $497,000 after acquiring an additional 199 shares in the last quarter. Czech National Bank increased its stake in Trimble by 0.5% during the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after purchasing an additional 201 shares in the last quarter. SVB Wealth LLC raised its holdings in Trimble by 4.8% in the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after buying an additional 204 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Trimble by 1.9% in the first quarter. Caprock Group LLC now owns 12,584 shares of the scientific and technical instruments company’s stock worth $810,000 after buying an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Trimble by 18.6% during the first quarter. GAMMA Investing LLC now owns 1,858 shares of the scientific and technical instruments company’s stock valued at $120,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TRMB. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday, August 19th. Robert W. Baird upped their target price on shares of Trimble from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.67.

Trimble Trading Down 2.7 %

Shares of NASDAQ:TRMB opened at $58.57 on Friday. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 2.63 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99. The stock’s 50-day simple moving average is $55.32 and its two-hundred day simple moving average is $57.50.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data 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. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The company had revenue of $870.80 million for the quarter, compared to the consensus estimate of $862.50 million. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. Analysts expect that Trimble Inc. will post 2.22 EPS for the current year.

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.