Sumitomo Mitsui DS Asset Management Company Ltd Has $5.88 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,587 shares of the scientific and technical instruments company’s stock after selling 2,654 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Trimble were worth $5,883,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 86,414 shares in the last quarter. State Street Corp lifted its holdings in Trimble by 2.2% in the first quarter. State Street Corp now owns 10,092,648 shares of the scientific and technical instruments company’s stock valued at $529,057,000 after buying an additional 218,688 shares during the period. Select Equity Group L.P. lifted its holdings in Trimble by 0.3% in the fourth quarter. Select Equity Group L.P. now owns 8,088,186 shares of the scientific and technical instruments company’s stock valued at $408,939,000 after buying an additional 26,670 shares during the period. Morgan Stanley lifted its holdings 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 buying an additional 694,842 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Trimble by 131.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,550,902 shares of the scientific and technical instruments company’s stock valued at $290,979,000 after buying an additional 3,155,709 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several 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, April 15th. Oppenheimer increased their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. increased their price objective 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, Robert W. Baird increased their target price on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and an average price target of $64.83.

View Our Latest Stock Analysis on Trimble

Insider Transactions at Trimble

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

Trimble Trading Up 0.2 %

TRMB opened at $57.97 on Monday. The firm’s fifty day moving average is $61.55 and its two-hundred day moving average is $53.25. 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 firm has a market cap of $14.16 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.50. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55.

Trimble (NASDAQ:TRMBGet Free Report) 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. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.

About Trimble

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMBFree Report).

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.