Benjamin Edwards Inc. Grows Stock Position in Trimble Inc. (NASDAQ:TRMB)

Benjamin Edwards Inc. raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 4,915.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,301 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,976 shares during the period. Benjamin Edwards Inc.’s holdings in Trimble were worth $867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in shares of Trimble by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after acquiring an additional 196 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Trimble by 69.4% during the fourth quarter. Victory Capital Management Inc. now owns 272,125 shares of the scientific and technical instruments company’s stock worth $14,477,000 after purchasing an additional 111,511 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Trimble by 6.0% during the fourth quarter. Mission Wealth Management LP now owns 20,277 shares of the scientific and technical instruments company’s stock valued at $1,079,000 after purchasing an additional 1,145 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Trimble by 33.8% in the fourth quarter. Russell Investments Group Ltd. now owns 214,096 shares of the scientific and technical instruments company’s stock worth $11,410,000 after purchasing an additional 54,136 shares during the last quarter. Finally, Sonen Capital LLC lifted its holdings in Trimble by 92.7% during the 4th quarter. Sonen Capital LLC now owns 13,365 shares of the scientific and technical instruments company’s stock valued at $711,000 after buying an additional 6,431 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the transaction, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert G. Painter sold 3,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total transaction of $220,255.00. Following the sale, the chief executive officer now directly owns 187,055 shares in the company, valued at $11,771,371.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,828 shares of company stock worth $1,013,519. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRMB. Robert W. Baird increased their price objective on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, April 15th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Oppenheimer increased their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Stock Down 6.9 %

Shares of NASDAQ:TRMB traded down $4.16 during trading on Friday, reaching $55.93. The stock had a trading volume of 3,314,677 shares, compared to its average volume of 1,396,192. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $13.66 billion, a P/E ratio of 44.74, a PEG ratio of 2.63 and a beta of 1.51. The firm’s 50-day simple moving average is $61.66 and its 200 day simple moving average is $53.74. Trimble Inc. has a one year low of $39.57 and a one year high of $65.55.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business had revenue of $932.40 million for the quarter, compared to analyst estimates of $908.43 million. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that Trimble Inc. will post 2.23 EPS for the current fiscal 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.