KBC Group NV Reduces Position in Trimble Inc. $TRMB

KBC Group NV trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,542 shares of the scientific and technical instruments company’s stock after selling 4,534 shares during the quarter. KBC Group NV owned 0.07% of Trimble worth $12,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. Brighton Jones LLC purchased a new position in shares of Trimble during the 4th quarter worth approximately $211,000. Alps Advisors Inc. bought a new stake in shares of Trimble during the first quarter valued at approximately $335,000. New York State Common Retirement Fund grew its stake in Trimble by 1.5% in the first quarter. New York State Common Retirement Fund now owns 153,056 shares of the scientific and technical instruments company’s stock worth $10,048,000 after purchasing an additional 2,300 shares during the period. CWM LLC raised its holdings in Trimble by 12.4% in the first quarter. CWM LLC now owns 40,008 shares of the scientific and technical instruments company’s stock worth $2,627,000 after purchasing an additional 4,424 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Trimble by 41.3% in the first quarter. Signaturefd LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 787 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on TRMB shares. Oppenheimer restated an “outperform” rating and set a $102.00 target price on shares of Trimble in a report on Thursday, November 6th. Piper Sandler reissued an “overweight” rating and set a $97.00 price objective on shares of Trimble in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research raised shares of Trimble from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Barclays initiated coverage on Trimble in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $94.18.

Trimble Stock Up 0.7%

TRMB stock opened at $77.56 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. The firm’s fifty day simple moving average is $79.93 and its 200-day simple moving average is $77.59. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50. The company has a market capitalization of $18.45 billion, a P/E ratio of 66.86, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The company 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.

Insider Buying and Selling at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $81.00, for a total value of $139,158.00. Following the transaction, the director owned 15,170 shares of the company’s stock, valued at $1,228,770. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 609 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the sale, the director directly owned 13,809 shares in the company, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,692 shares of company stock worth $1,954,986 in the last quarter. Insiders own 0.54% of the company’s stock.

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.