Trillium Asset Management LLC Has $7.30 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Trillium Asset Management LLC increased its position in Trimble Inc. (NASDAQ:TRMB) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,385 shares of the scientific and technical instruments company’s stock after buying an additional 7,502 shares during the period. Trillium Asset Management LLC’s holdings in Trimble were worth $7,298,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Trimble in the 4th quarter valued at $26,000. Tobam acquired a new stake in shares of Trimble in the first quarter worth about $35,000. Principal Securities Inc. bought a new stake in shares of Trimble during the 4th quarter worth about $52,000. Sound Income Strategies LLC increased its holdings in shares of Trimble by 171.9% during the 1st quarter. Sound Income Strategies LLC now owns 998 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 631 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in shares of Trimble in the 4th quarter valued at approximately $67,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

Trimble stock traded down $1.29 during mid-day trading on Friday, reaching $55.98. The company had a trading volume of 845,135 shares, compared to its average volume of 1,360,076. The company has a 50 day moving average of $56.12 and a 200-day moving average of $57.27. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 58.31, a PEG ratio of 2.64 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last released its earnings results on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The business had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. On average, sell-side analysts expect that Trimble Inc. will post 2.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRMB shares. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 target price on shares of Trimble in a research report on Monday, May 6th. Raymond James reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Trimble in a report on Wednesday, May 15th. JPMorgan Chase & Co. lifted 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, May 1st. Finally, Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Trimble has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.