Vestmark Advisory Solutions Inc. Invests $604,000 in Trimble Inc. $TRMB

Vestmark Advisory Solutions Inc. acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,949 shares of the scientific and technical instruments company’s stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRMB. Catalyst Capital Advisors LLC purchased a new stake in shares of Trimble in the 2nd quarter valued at about $34,000. Flaharty Asset Management LLC bought a new position in shares of Trimble in the first quarter worth approximately $45,000. Ameritas Advisory Services LLC purchased a new stake in Trimble in the second quarter valued at approximately $48,000. Steph & Co. lifted its position in Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 592 shares during the last quarter. Finally, State of Wyoming purchased a new position in Trimble in the 1st quarter worth approximately $58,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 609 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director owned 13,809 shares in the company, valued at $1,137,999.69. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $75.65, for a total value of $567,375.00. Following the sale, the chief executive officer owned 92,379 shares in the company, valued at $6,988,471.35. This represents a 7.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,192 shares of company stock valued at $1,358,736 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TRMB shares. Piper Sandler restated an “overweight” rating and set a $97.00 price objective on shares of Trimble in a research report on Friday, November 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 price target on shares of Trimble in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Berenberg Bank set a $95.00 target price on Trimble and gave the stock a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $94.20.

Trimble Price Performance

Shares of Trimble stock opened at $79.58 on Wednesday. The company has a market cap of $18.93 billion, a PE ratio of 68.60, a P/E/G ratio of 3.26 and a beta of 1.66. The business has a 50 day moving average of $79.98 and a 200 day moving average of $77.44. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business had revenue of $856.50 million for the quarter. As a group, equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current 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.