Trimble Inc. $TRMB Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,154 shares of the scientific and technical instruments company’s stock after selling 73,009 shares during the period. Loomis Sayles & Co. L P owned approximately 0.17% of Trimble worth $31,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TRMB. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the 2nd quarter worth $34,000. Flaharty Asset Management LLC acquired a new stake in Trimble during the first quarter worth about $45,000. Ameritas Advisory Services LLC purchased a new position in shares of Trimble in the 2nd quarter worth about $48,000. Evelyn Partners Investment Management LLP lifted its stake in shares of Trimble by 605.0% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 705 shares of the scientific and technical instruments company’s stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Steph & Co. grew its holdings in shares of Trimble by 592.0% during the 2nd quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 price target on shares of Trimble in a research report on Friday, November 7th. Oppenheimer reiterated an “outperform” rating and issued a $102.00 price target on shares of Trimble in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $94.18.

Trimble Stock Performance

Shares of Trimble stock opened at $81.42 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The firm’s 50-day simple moving average is $79.36 and its 200-day simple moving average is $78.55. The firm has a market cap of $19.37 billion, a PE ratio of 70.19, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The business had revenue of $856.50 million during the quarter. Equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Trimble

In related news, VP Christopher F. Keating sold 7,365 shares of Trimble stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $81.74, for a total transaction of $602,015.10. Following the sale, the vice president directly owned 406 shares in the company, valued at $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $81.00, for a total transaction of $139,158.00. Following the sale, the director owned 15,170 shares in the company, valued at $1,228,770. This trade represents a 10.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,083 shares of company stock valued at $1,904,798 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.