Arcadia Investment Management Corp MI Decreases Stock Position in Trimble Inc. (NASDAQ:TRMB)

Arcadia Investment Management Corp MI decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 46.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 725 shares of the scientific and technical instruments company’s stock after selling 625 shares during the period. Arcadia Investment Management Corp MI’s holdings in Trimble were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Morgan Stanley increased its position in shares of Trimble by 10.0% during the third quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock worth $412,285,000 after acquiring an additional 694,842 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Trimble by 13.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock valued at $276,080,000 after purchasing an additional 603,020 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Trimble by 2,399.7% during the 3rd quarter. Wellington Management Group LLP now owns 425,330 shares of the scientific and technical instruments company’s stock valued at $22,908,000 after buying an additional 408,315 shares during the last quarter. Invesco Ltd. grew its position in shares of Trimble by 5.7% during the third quarter. Invesco Ltd. now owns 3,515,579 shares of the scientific and technical instruments company’s stock worth $189,349,000 after buying an additional 189,902 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Trimble by 43.6% in the third quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company’s stock worth $31,254,000 after buying an additional 176,139 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the transaction, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the sale, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at approximately $485,802. The disclosure for this sale can be found here. Insiders sold 16,828 shares of company stock valued at $1,013,519 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRMB has been the subject of several recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $72.00 price objective on shares of Trimble in a report on Monday. Robert W. Baird boosted their price objective on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Piper Sandler reiterated an “overweight” rating and issued a $73.00 target price on shares of Trimble in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Stock Performance

Shares of TRMB traded up $0.24 during midday trading on Thursday, hitting $56.78. 1,286,629 shares of the stock traded hands, compared to its average volume of 1,424,036. The business’s 50 day moving average price is $61.17 and its two-hundred day moving average price is $53.96. The firm has a market capitalization of $13.87 billion, a PE ratio of 59.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55.

Trimble (NASDAQ:TRMB) last posted its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same period in the previous year, the business posted $0.52 EPS. Trimble’s revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Trimble Inc. will post 2.23 EPS for the current fiscal year.

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.