Trimble Inc. (NASDAQ:TRMB) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 5,599 shares of the scientific and technical instruments company’s stock after selling 190 shares during the period. Fiduciary Trust Co’s holdings in Trimble were worth $396,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRMB. Barclays PLC grew its stake in shares of Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock worth $46,151,000 after acquiring an additional 30,457 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after acquiring an additional 60,752 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Trimble by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,038 shares of the scientific and technical instruments company’s stock worth $2,193,000 after acquiring an additional 486 shares in the last quarter. Czech National Bank grew its stake in shares of Trimble by 6.4% in the fourth quarter. Czech National Bank now owns 52,950 shares of the scientific and technical instruments company’s stock worth $3,741,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Trimble in the fourth quarter worth $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the business’s 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 sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. The trade was a 17.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were 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. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Cfra upgraded 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 note on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Thursday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Buy” and an average target price of $86.00.

Trimble Stock Performance

Shares of TRMB stock opened at $68.12 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $63.87 and a 200 day moving average price of $69.10. The company has a market cap of $16.25 billion, a P/E ratio of 11.19, a PEG ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share 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 firm had revenue of $840.60 million during the quarter, compared to analysts’ expectations of $810.45 million. During the same period in the previous year, the company earned $0.64 earnings per share. Trimble’s quarterly revenue was down 11.8% compared to the same quarter last year. Sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share 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.