Mackenzie Financial Corp Sells 1,596 Shares of Trimble Inc. (NASDAQ:TRMB)

Mackenzie Financial Corp reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,401 shares of the scientific and technical instruments company’s stock after selling 1,596 shares during the period. Mackenzie Financial Corp’s holdings in Trimble were worth $1,032,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in Trimble during the 3rd quarter worth approximately $43,000. Orion Capital Management LLC acquired a new stake in Trimble in the 3rd quarter valued at $86,000. CVA Family Office LLC bought a new stake in Trimble during the 4th quarter valued at $111,000. Tennessee Valley Asset Management Partners acquired a new position in Trimble during the fourth quarter worth $117,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Trimble by 65.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,634 shares of the scientific and technical instruments company’s stock valued at $142,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In related news, VP Jennifer Allison sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the sale, the vice president now owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the sale, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. 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 company insiders.

Trimble Trading Down 0.3 %

Shares of TRMB opened at $59.51 on Thursday. The firm has a market cap of $14.53 billion, a P/E ratio of 47.61, a price-to-earnings-growth ratio of 2.67 and a beta of 1.50. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two 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. The business has a 50-day moving average of $61.71 and a 200 day moving average of $53.36.

Trimble (NASDAQ:TRMB) last posted its 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 return on equity of 12.59% and a net margin of 8.19%. The firm had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts forecast that Trimble Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRMB. Piper Sandler restated an “overweight” rating and issued a $73.00 target price on shares of Trimble in a report on Monday, April 15th. Robert W. Baird upped their price target on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Oppenheimer raised their price objective on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.