Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,056 shares of the scientific and technical instruments company’s stock after purchasing an additional 989 shares during the period. Tocqueville Asset Management L.P.’s holdings in Trimble were worth $13,593,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division raised its holdings in Trimble by 174.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 355 shares during the last quarter. Putney Financial Group LLC acquired a new position in Trimble in the 4th quarter valued at $51,000. Quarry LP raised its holdings in Trimble by 121.8% in the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 402 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Trimble by 153.5% in the 1st quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 591 shares during the last quarter. Finally, Friedenthal Financial raised its holdings in Trimble by 64.7% in the 1st quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company’s stock valued at $76,000 after acquiring an additional 453 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 1.7%

Shares of NASDAQ TRMB opened at $82.24 on Friday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The stock has a market capitalization of $19.57 billion, a PE ratio of 70.90, a P/E/G ratio of 3.43 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $79.11 and a 200-day moving average of $71.77.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. Trimble had a return on equity of 10.24% and a net margin of 8.02%. The company had revenue of $875.70 million for the quarter, compared to analyst estimates of $835.81 million. During the same period last year, the company posted $0.62 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that Trimble Inc. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Trimble from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trimble has an average rating of “Buy” and an average price target of $90.50.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,156 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $252,480.00. Following the transaction, the vice president directly owned 2,882 shares of the company’s stock, valued at $230,560. This trade represents a 52.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kaigham Gabriel sold 6,511 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the completion of the transaction, the director directly owned 17,939 shares in the company, valued at $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,894 shares of company stock valued at $18,996,091. 0.54% of the stock is owned by company insiders.

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.