Duality Advisers LP Increases Stock Position in Trimble Inc. (NASDAQ:TRMB)

Duality Advisers LP lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,373 shares of the scientific and technical instruments company’s stock after buying an additional 1,037 shares during the quarter. Duality Advisers LP’s holdings in Trimble were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Operose Advisors LLC purchased a new stake in Trimble in the 3rd quarter worth approximately $43,000. Criterion Capital Advisors LLC purchased a new stake in Trimble in the 4th quarter worth approximately $67,000. Orion Capital Management LLC purchased a new stake in Trimble in the 3rd quarter worth approximately $86,000. CVA Family Office LLC purchased a new stake in Trimble in the 4th quarter worth approximately $111,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Trimble in the 4th quarter worth approximately $117,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRMB shares. Piper Sandler reiterated an “overweight” rating and issued a $73.00 target price on shares of Trimble in a research note on Monday, April 15th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Robert W. Baird increased their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Oppenheimer increased their price target on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Two equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.83.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total transaction of $220,255.00. Following the transaction, the chief executive officer now owns 187,055 shares of the company’s stock, valued at approximately $11,771,371.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Robert G. Painter sold 3,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total transaction of $220,255.00. Following the transaction, the chief executive officer now owns 187,055 shares of the company’s stock, valued at approximately $11,771,371.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction 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 in the company, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,828 shares of company stock valued at $1,013,519. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $60.15 on Friday. The company’s fifty day moving average price is $61.72 and its 200-day moving average price is $53.44. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 2.65 and a beta of 1.50. Trimble Inc. has a one year low of $39.57 and a one year high of $65.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87.

Trimble (NASDAQ:TRMB) last released its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $908.43 million. During the same quarter last year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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.