Duality Advisers LP Buys 1,037 Shares of Trimble Inc. (NASDAQ:TRMB)

Duality Advisers LP grew its stake in Trimble Inc. (NASDAQ:TRMB) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,373 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,037 shares during the period. Duality Advisers LP’s holdings in Trimble were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TRMB. Operose Advisors LLC acquired a new position in Trimble during the 3rd quarter worth $43,000. Criterion Capital Advisors LLC acquired a new position in Trimble during the 4th quarter worth $67,000. Orion Capital Management LLC acquired a new position in Trimble during the 3rd quarter worth $86,000. CVA Family Office LLC acquired a new position in Trimble during the 4th quarter worth $111,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Trimble during the 4th quarter worth $117,000. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research note on Monday, April 15th. Oppenheimer upped their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Robert W. Baird upped their price objective on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average price target of $64.83.

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 2,500 shares of the firm’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 transaction of $136,875.00. Following the transaction, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Robert G. Painter sold 2,500 shares of Trimble 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 directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the transaction, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,828 shares of company stock valued at $1,013,519. 0.47% of the stock is currently owned by company insiders.

Trimble Trading Up 1.6 %

Shares of NASDAQ:TRMB opened at $60.15 on Friday. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a market capitalization of $14.69 billion, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 2.65 and a beta of 1.50. The company has a 50-day simple moving average of $61.72 and a 200 day simple moving average of $53.44. 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 issued its quarterly earnings data 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. The firm had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Sell-side analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current year.

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.