OMERS ADMINISTRATION Corp Has $733,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

OMERS ADMINISTRATION Corp lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 28.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,378 shares of the scientific and technical instruments company’s stock after selling 4,079 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Trimble were worth $733,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TRMB. Barclays PLC raised its stake in shares of Trimble by 4.3% during the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after acquiring an additional 30,457 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Trimble during the fourth quarter valued at $1,844,000. Merit Financial Group LLC bought a new position in shares of Trimble during the fourth quarter valued at $602,000. Sax Wealth Advisors LLC raised its stake in shares of Trimble by 24.8% during the fourth quarter. Sax Wealth Advisors LLC now owns 5,322 shares of the scientific and technical instruments company’s stock valued at $376,000 after acquiring an additional 1,059 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Trimble by 3,560.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company’s stock valued at $1,185,000 after acquiring an additional 16,307 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

TRMB stock opened at $71.89 on Friday. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 3.09 and a beta of 1.67. The company’s fifty day simple moving average is $64.21 and its 200 day simple moving average is $69.39.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $810.45 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was down 11.8% compared to the same quarter last year. On average, analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Oppenheimer boosted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Trimble from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $88.43.

Insider Buying and Selling at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. The trade was a 17.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.