Elo Mutual Pension Insurance Co Sells 1,489 Shares of Trimble Inc. (NASDAQ:TRMB)

Elo Mutual Pension Insurance Co decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 6.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 21,241 shares of the scientific and technical instruments company’s stock after selling 1,489 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Trimble were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of Trimble in the 4th quarter worth $26,000. Tobam bought a new position in shares of Trimble in the 1st quarter worth $35,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Trimble by 96.0% in the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Trimble in the 2nd quarter worth $48,000. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Robert W. Baird increased their target price on shares of Trimble from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $73.00 target price on shares of Trimble in a report on Monday, August 19th. One 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Trading Down 2.7 %

Shares of TRMB opened at $58.57 on Friday. The stock has a market capitalization of $14.30 billion, a P/E ratio of 61.01, a PEG ratio of 2.63 and a beta of 1.48. 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 firm has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $57.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55.

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