Gotham Asset Management LLC Buys 9,652 Shares of Trimble Inc. (NASDAQ:TRMB)

Gotham Asset Management LLC grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,295 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,652 shares during the period. Gotham Asset Management LLC owned approximately 0.09% of Trimble worth $15,142,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. purchased a new stake in Trimble during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the 4th quarter valued at about $36,000. Larson Financial Group LLC grew its position in Trimble by 164.8% in the fourth 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 in the last quarter. Finally, Friedenthal Financial bought a new stake in Trimble during the fourth quarter worth approximately $49,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Up 1.1 %

TRMB stock opened at $68.12 on Friday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. 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 50-day simple moving average of $63.87 and a 200-day simple moving average of $69.04. The stock has a market capitalization of $16.25 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB) last issued its 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 business had revenue of $840.60 million during the quarter, compared to analysts’ expectations of $810.45 million. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. Equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Thursday. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $86.00.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

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.