1,598 Shares in Trimble Inc. (NASDAQ:TRMB) Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,598 shares of the scientific and technical instruments company’s stock, valued at approximately $105,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Trimble by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock worth $2,099,064,000 after buying an additional 183,150 shares during the last quarter. Select Equity Group L.P. increased its position in Trimble by 22.4% in the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock worth $717,506,000 after buying an additional 1,857,517 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Trimble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock worth $425,427,000 after buying an additional 138,136 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock valued at $400,312,000 after buying an additional 222,679 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Trimble by 2.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company’s stock worth $390,909,000 after purchasing an additional 134,277 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kaigham Gabriel sold 6,511 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the sale, the director now owns 17,939 shares of the company’s stock, valued at $1,286,046.91. This trade represents a 26.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

Trimble Stock Up 1.5%

Shares of TRMB opened at $72.22 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a market cap of $17.23 billion, a P/E ratio of 11.86, a P/E/G ratio of 3.09 and a beta of 1.68. The firm has a 50 day simple moving average of $64.96 and a two-hundred day simple moving average of $69.65.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $810.45 million. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Research analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

TRMB has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on Trimble from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Thursday, May 8th. Wall Street Zen cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $88.43.

Trimble 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.