Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Trimble Inc. $TRMB

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 7.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 293,918 shares of the scientific and technical instruments company’s stock after buying an additional 20,547 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Trimble worth $22,332,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CX Institutional boosted its position in Trimble by 11.7% in the 2nd quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after purchasing an additional 739 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Trimble during the 2nd quarter valued at approximately $208,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Trimble by 57.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company’s stock valued at $1,590,000 after purchasing an additional 7,660 shares during the period. United Services Automobile Association purchased a new stake in Trimble during the first quarter worth $332,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Trimble during the first quarter valued at $283,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRMB. Zacks Research upgraded shares of Trimble from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Oppenheimer restated an “outperform” rating and issued a $102.00 price target on shares of Trimble in a research note on Thursday, November 6th. Piper Sandler reiterated an “overweight” rating and set a $97.00 price target on shares of Trimble in a research report on Friday, November 7th. Wells Fargo & Company initiated coverage on Trimble in a report on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price objective on the stock. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $94.18.

Insider Transactions at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the transaction, the director directly owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This represents a 10.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total value of $596,250.00. Following the completion of the transaction, the chief executive officer owned 84,879 shares in the company, valued at $6,747,880.50. The trade was a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,692 shares of company stock valued at $1,954,986 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Trimble Trading Down 0.2%

Shares of Trimble stock opened at $75.42 on Wednesday. The firm has a market capitalization of $17.94 billion, a PE ratio of 65.02, a P/E/G ratio of 3.26 and a beta of 1.66. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50. The firm’s 50-day moving average price is $79.72 and its 200 day moving average price is $77.97. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company had revenue of $856.50 million during the quarter. On average, sell-side analysts predict that Trimble Inc. will post 2.37 EPS 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.