Trimble Inc. (NASDAQ:TRMB) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 18.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,269 shares of the scientific and technical instruments company’s stock after acquiring an additional 196 shares during the period. First Horizon Advisors Inc.’s holdings in Trimble were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Trimble by 69.4% during the 4th quarter. Victory Capital Management Inc. now owns 272,125 shares of the scientific and technical instruments company’s stock valued at $14,477,000 after buying an additional 111,511 shares during the last quarter. Mission Wealth Management LP raised its position in shares of Trimble by 6.0% during the 4th quarter. Mission Wealth Management LP now owns 20,277 shares of the scientific and technical instruments company’s stock worth $1,079,000 after purchasing an additional 1,145 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Trimble by 33.8% in the 4th quarter. Russell Investments Group Ltd. now owns 214,096 shares of the scientific and technical instruments company’s stock worth $11,410,000 after purchasing an additional 54,136 shares during the last quarter. Sonen Capital LLC boosted its position in Trimble by 92.7% during the 4th quarter. Sonen Capital LLC now owns 13,365 shares of the scientific and technical instruments company’s stock valued at $711,000 after purchasing an additional 6,431 shares during the period. Finally, Truist Financial Corp grew its stake in Trimble by 56.7% during the 4th quarter. Truist Financial Corp now owns 38,884 shares of the scientific and technical instruments company’s stock worth $2,069,000 after buying an additional 14,074 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Activity

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

Trimble Price Performance

NASDAQ TRMB opened at $57.00 on Wednesday. The firm has a market capitalization of $13.92 billion, a PE ratio of 59.38, a P/E/G ratio of 2.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The company’s 50 day simple moving average is $61.34 and its 200 day simple moving average is $53.92.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRMB shares. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Robert W. Baird boosted their price objective on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.