Cerity Partners LLC Has $689,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Cerity Partners LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 181.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,944 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,348 shares during the quarter. Cerity Partners LLC’s holdings in Trimble were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Trimble by 0.3% during the third quarter. Vanguard Group Inc. now owns 28,939,750 shares of the scientific and technical instruments company’s stock worth $1,558,695,000 after buying an additional 86,414 shares in the last quarter. Morgan Stanley increased its stake in Trimble by 10.0% in the third quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after acquiring an additional 694,842 shares during the last quarter. Invesco Ltd. raised its position in Trimble by 5.7% during the third quarter. Invesco Ltd. now owns 3,515,579 shares of the scientific and technical instruments company’s stock valued at $189,349,000 after purchasing an additional 189,902 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Trimble by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company’s stock worth $178,887,000 after purchasing an additional 95,588 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Trimble by 5.8% in the 3rd quarter. Northern Trust Corp now owns 2,701,358 shares of the scientific and technical instruments company’s stock valued at $145,495,000 after purchasing an additional 147,778 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Transactions at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 239,901 shares in the company, valued at approximately $13,134,579.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total transaction of $220,255.00. Following the sale, the chief executive officer now owns 187,055 shares of the company’s stock, valued at $11,771,371.15. The disclosure for this sale can be found here. Insiders sold 16,828 shares of company stock worth $1,013,519 over the last ninety days. 0.61% of the stock is owned by insiders.

Trimble Trading Up 1.3 %

Shares of NASDAQ TRMB opened at $59.69 on Wednesday. The firm has a 50 day moving average price of $61.71 and a two-hundred day moving average price of $53.36. The stock has a market cap of $14.58 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00.

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

Wall Street Analyst Weigh In

TRMB has been the subject of several recent analyst reports. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer lifted their price target on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Robert W. Baird increased their price objective on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trimble has a consensus rating of “Moderate Buy” and an average price target of $64.83.

Trimble Company 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.