IFM Investors Pty Ltd Purchases 1,799 Shares of Trimble Inc. (NASDAQ:TRMB)

IFM Investors Pty Ltd increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,859 shares of the scientific and technical instruments company’s stock after buying an additional 1,799 shares during the period. IFM Investors Pty Ltd’s holdings in Trimble were worth $3,016,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRMB. First Horizon Advisors Inc. increased its position in Trimble by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 196 shares during the period. Fulton Bank N.A. grew its stake in shares of Trimble by 2.6% in the first quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock worth $497,000 after acquiring an additional 199 shares during the last quarter. First Eagle Investment Management LLC increased its position in Trimble by 6.8% during the fourth quarter. First Eagle Investment Management LLC now owns 3,145 shares of the scientific and technical instruments company’s stock worth $167,000 after acquiring an additional 200 shares during the period. Czech National Bank raised its stake in Trimble by 0.5% during the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after purchasing an additional 201 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Trimble by 3.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,027 shares of the scientific and technical instruments company’s stock valued at $374,000 after purchasing an additional 243 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock traded up $0.94 during trading hours on Friday, hitting $60.15. 790,686 shares of the stock were exchanged, compared to its average volume of 1,193,982. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The business’s 50-day moving average is $61.72 and its two-hundred day moving average is $53.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. The stock has a market capitalization of $14.69 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.65 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The firm had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts expect that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TRMB. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Oppenheimer boosted their price target on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Piper Sandler reissued an “overweight” rating and set a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. Robert W. Baird boosted their price objective on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Finally, StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and a consensus target price of $64.83.

Insiders Place Their Bets

In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the sale, the vice president now directly owns 2,315 shares of the company’s stock, valued at $137,927.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the transaction, the chief executive officer now directly owns 239,901 shares in the company, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,828 shares of company stock valued at $1,013,519. Insiders own 0.47% 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.