Swiss National Bank Cuts Position in Trimble Inc. (NASDAQ:TRMB)

Swiss National Bank trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 776,500 shares of the scientific and technical instruments company’s stock after selling 20,500 shares during the period. Swiss National Bank’s holdings in Trimble were worth $41,310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Operose Advisors LLC purchased a new position in Trimble during the third quarter valued at $43,000. Criterion Capital Advisors LLC bought a new position in Trimble in the 4th quarter worth about $67,000. GAMMA Investing LLC bought a new stake in Trimble during the 4th quarter valued at about $80,000. Orion Capital Management LLC purchased a new position in Trimble in the third quarter worth about $86,000. Finally, CVA Family Office LLC bought a new position in shares of Trimble in the fourth quarter worth approximately $111,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Up 1.4 %

NASDAQ TRMB opened at $57.00 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. 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 $13.92 billion, a P/E ratio of 59.38, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The stock’s 50-day moving average price is $61.34 and its 200-day moving average price is $53.92.

Trimble (NASDAQ:TRMB) last issued its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, equities research analysts predict that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRMB shares. Piper Sandler restated an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a report on Monday. JPMorgan Chase & Co. increased their price objective on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Monday. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, 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 report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Trimble news, VP Jennifer Allison sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at approximately $485,802. The disclosure for this sale can be found here. Insiders sold 16,828 shares of company stock valued at $1,013,519 in the last ninety days. Insiders own 0.47% 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.