Barclays PLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,711 shares of the scientific and technical instruments company’s stock after purchasing an additional 49,542 shares during the period. Barclays PLC’s holdings in Trimble were worth $38,632,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in Trimble during the 3rd quarter valued at $42,000. RE Advisers Corp grew its holdings in Trimble by 55.5% during the 3rd quarter. RE Advisers Corp now owns 566 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 202 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Trimble during the 3rd quarter valued at $53,000. Gemmer Asset Management LLC grew its holdings in Trimble by 47.5% during the 3rd quarter. Gemmer Asset Management LLC now owns 677 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 218 shares in the last quarter. Finally, Ninety One SA PTY Ltd acquired a new stake in Trimble during the 3rd quarter valued at $57,000. 89.06% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on TRMB shares. Morgan Stanley raised their price target on shares of Trimble from $74.00 to $76.00 and gave the company an “underweight” rating in a report on Wednesday, December 15th. Piper Sandler started coverage on shares of Trimble in a research note on Thursday, October 14th. They set an “overweight” rating and a $101.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Tuesday, January 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $81.40.
Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, November 3rd. The scientific and technical instruments company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.18. Trimble had a net margin of 15.65% and a return on equity of 15.41%. The business had revenue of $901.40 million for the quarter, compared to analysts’ expectations of $877.53 million. During the same quarter last year, the company earned $0.52 EPS. As a group, sell-side analysts predict that Trimble Inc. will post 2.29 earnings per share for the current year.
In other Trimble news, SVP James A. Kirkland sold 6,899 shares of the firm’s stock in a transaction dated Wednesday, December 8th. The shares were sold at an average price of $88.47, for a total transaction of $610,354.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bryn Fosburgh sold 2,807 shares of the firm’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $84.54, for a total transaction of $237,303.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,484 shares of company stock worth $1,700,120. 0.48% of the stock is owned by corporate insiders.
Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.
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