Inspire Investing LLC Acquires 4,047 Shares of Trimble Inc. $TRMB

Inspire Investing LLC raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 15.3% during the first quarter, Holdings Channel reports. The fund owned 30,413 shares of the scientific and technical instruments company’s stock after buying an additional 4,047 shares during the period. Inspire Investing LLC’s holdings in Trimble were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Central Pacific Bank Trust Division grew its holdings in shares of Trimble by 174.9% in the first quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 355 shares during the last quarter. Flaharty Asset Management LLC bought a new position in shares of Trimble in the first quarter worth approximately $45,000. Putney Financial Group LLC bought a new position in shares of Trimble in the fourth quarter worth approximately $51,000. State of Wyoming bought a new position in shares of Trimble in the first quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Trimble by 153.5% in the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after purchasing an additional 591 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Performance

Shares of Trimble stock opened at $80.88 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $19.25 billion, a P/E ratio of 69.72, a P/E/G ratio of 3.40 and a beta of 1.66. The business has a fifty day simple moving average of $81.88 and a two-hundred day simple moving average of $72.73. Trimble Inc. has a 12 month low of $52.91 and a 12 month high of $87.50.

Trimble (NASDAQ:TRMB) last announced 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. The business had revenue of $875.70 million during the quarter, compared to analyst estimates of $835.81 million. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Raymond James Financial restated an “outperform” rating and issued a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $90.50.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,156 shares of Trimble 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 completion of the transaction, the vice president owned 2,882 shares of the company’s stock, valued at $230,560. The trade was a 52.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark David Schwartz sold 1,476 shares of Trimble stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $78.00, for a total value of $115,128.00. Following the completion of the transaction, the vice president directly owned 22,405 shares of the company’s stock, valued at approximately $1,747,590. This represents a 6.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,992 shares of company stock worth $18,579,506 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.