Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,023 shares of the scientific and technical instruments company’s stock after acquiring an additional 929 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trimble were worth $592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC raised its holdings in shares of Trimble by 30.1% during the first quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after acquiring an additional 943 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Trimble by 6.0% during the first quarter. DAVENPORT & Co LLC now owns 7,956 shares of the scientific and technical instruments company’s stock worth $522,000 after buying an additional 452 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Trimble by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company’s stock worth $2,355,000 after buying an additional 2,397 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Trimble by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,719 shares of the scientific and technical instruments company’s stock worth $2,793,000 after buying an additional 4,185 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Trimble by 25.1% during the first quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRMB shares. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer lifted their price objective on Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on Trimble from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus target price of $90.50.

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.83, for a total value of $9,590,140.23. Following the completion of the sale, the chief executive officer directly owned 114,879 shares of the company’s stock, valued at approximately $9,515,427.57. The trade was a 50.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark David Schwartz sold 1,404 shares of Trimble stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $112,320.00. Following the completion of the sale, the vice president directly owned 21,001 shares of the company’s stock, valued at $1,680,080. The trade was a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,894 shares of company stock valued at $18,996,091. Corporate insiders own 0.54% of the company’s stock.

Trimble Trading Down 1.7%

Shares of NASDAQ TRMB opened at $82.24 on Friday. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $79.11 and a 200-day simple moving average of $71.77. The stock has a market capitalization of $19.57 billion, a PE ratio of 70.90, a PEG ratio of 3.43 and a beta of 1.69.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. Trimble had a return on equity of 10.24% and a net margin of 8.02%. The business had revenue of $875.70 million during the quarter, compared to analysts’ expectations of $835.81 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current year.

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.