Amalgamated Bank Reduces Stake in Trimble Inc. (NASDAQ:TRMB)

Amalgamated Bank lowered its holdings in Trimble Inc. (NASDAQ:TRMBGet Rating) by 6.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 62,926 shares of the scientific and technical instruments company’s stock after selling 4,489 shares during the quarter. Amalgamated Bank’s holdings in Trimble were worth $4,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Sheaff Brock Investment Advisors LLC grew its stake in Trimble by 1.2% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 12,761 shares of the scientific and technical instruments company’s stock worth $921,000 after buying an additional 157 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Trimble by 1.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 13,302 shares of the scientific and technical instruments company’s stock worth $960,000 after buying an additional 170 shares during the last quarter. Park Avenue Securities LLC grew its stake in Trimble by 6.2% during the 1st quarter. Park Avenue Securities LLC now owns 3,137 shares of the scientific and technical instruments company’s stock worth $226,000 after buying an additional 182 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in Trimble by 0.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock worth $5,045,000 after buying an additional 186 shares during the last quarter. Finally, Sturgeon Ventures LLP grew its stake in Trimble by 0.4% during the 1st quarter. Sturgeon Ventures LLP now owns 59,608 shares of the scientific and technical instruments company’s stock worth $4,404,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Trimble from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Wolfe Research initiated coverage on Trimble in a research note on Tuesday, August 16th. They set a “market perform” rating on the stock. Piper Sandler downgraded Trimble from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $82.00 to $70.00 in a research note on Thursday, September 8th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.40.

Insider Activity

In other news, SVP Peter Large sold 2,188 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $71.32, for a total value of $156,048.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP James Joel Langley sold 14,076 shares of Trimble stock in a transaction on Monday, August 8th. The stock was sold at an average price of $68.00, for a total transaction of $957,168.00. Following the completion of the transaction, the vice president now directly owns 1 shares of the company’s stock, valued at $68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Large sold 2,188 shares of Trimble stock in a transaction on Friday, August 12th. The stock was sold at an average price of $71.32, for a total value of $156,048.16. The disclosure for this sale can be found here. Insiders sold 25,676 shares of company stock valued at $1,785,537 in the last three months. 0.43% of the stock is currently owned by company insiders.

Trimble Stock Down 0.8 %

TRMB opened at $58.46 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.02 and a quick ratio of 0.76. The business has a 50 day simple moving average of $65.02 and a 200-day simple moving average of $65.53. The stock has a market capitalization of $14.48 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.97 and a beta of 1.58. Trimble Inc. has a 12 month low of $55.35 and a 12 month high of $91.96.

Trimble (NASDAQ:TRMBGet Rating) last posted its quarterly earnings results on Friday, August 5th. The scientific and technical instruments company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $941.20 million during the quarter, compared to analysts’ expectations of $928.99 million. Trimble had a return on equity of 14.63% and a net margin of 13.76%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, equities analysts anticipate that Trimble Inc. will post 2.36 earnings per share for the current fiscal year.

About Trimble

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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 route selection and design; 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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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