Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Liberty Capital Management Inc.

Liberty Capital Management Inc. raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,055 shares of the scientific and technical instruments company’s stock after purchasing an additional 737 shares during the period. Liberty Capital Management Inc.’s holdings in Trimble were worth $1,645,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Crowley Wealth Management Inc. purchased a new position in shares of Trimble in the fourth quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble during the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble during the fourth quarter worth $36,000. Central Pacific Bank Trust Division raised its holdings in shares of Trimble by 174.9% during the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 355 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the sale, the director now owns 17,939 shares of the company’s stock, valued at $1,286,046.91. The trade was a 26.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Trimble Price Performance

Shares of TRMB opened at $72.36 on Friday. The firm has a market cap of $17.26 billion, a PE ratio of 11.88, a PEG ratio of 3.09 and a beta of 1.68. The firm’s 50 day moving average price is $65.98 and its 200 day moving average price is $69.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating 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 company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, research analysts expect that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of recent analyst reports. Oppenheimer increased their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Wall Street Zen lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trimble has an average rating of “Buy” and an average target price of $88.43.

Trimble 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.