Siemens Fonds Invest GmbH Takes Position in Trimble Inc. (NASDAQ:TRMB)

Siemens Fonds Invest GmbH purchased a new position in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 13,140 shares of the scientific and technical instruments company’s stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. KBC Group NV boosted its holdings in shares of Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after buying an additional 71,891 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Trimble by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company’s stock valued at $26,560,000 after acquiring an additional 17,785 shares during the last quarter. Wellington Management Group LLP boosted its stake in Trimble by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company’s stock valued at $1,580,000 after acquiring an additional 5,472 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Trimble by 34.1% in the fourth quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company’s stock worth $963,000 after purchasing an additional 3,465 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Trimble by 3,560.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company’s stock worth $1,185,000 after purchasing an additional 16,307 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $71.89 on Friday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The business’s 50 day moving average price is $64.21 and its 200 day moving average price is $69.39. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.15 billion, a P/E ratio of 11.80, a P/E/G ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was a 17.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on Trimble from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Finally, Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $88.43.

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.