Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 2,399.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,330 shares of the scientific and technical instruments company’s stock after buying an additional 408,315 shares during the quarter. Wellington Management Group LLP owned approximately 0.17% of Trimble worth $22,908,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. raised its stake in Trimble by 100.5% in the 3rd quarter. American Century Companies Inc. now owns 17,108 shares of the scientific and technical instruments company’s stock valued at $921,000 after purchasing an additional 8,575 shares during the last quarter. Orion Capital Management LLC acquired a new position in Trimble in the 3rd quarter valued at $86,000. Morgan Stanley raised its stake in Trimble by 10.0% in the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock valued at $412,285,000 after purchasing an additional 694,842 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Trimble by 2.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 19,343 shares of the scientific and technical instruments company’s stock valued at $1,042,000 after purchasing an additional 495 shares during the last quarter. Finally, Toroso Investments LLC raised its stake in Trimble by 129.3% in the 3rd quarter. Toroso Investments LLC now owns 30,245 shares of the scientific and technical instruments company’s stock valued at $1,629,000 after purchasing an additional 17,056 shares during the last quarter. 90.20% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $64.20 on Friday. The stock has a market cap of $15.77 billion, a PE ratio of 51.36, a P/E/G ratio of 2.86 and a beta of 1.50. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The stock has a fifty day simple moving average of $57.43 and a 200-day simple moving average of $51.83.

Trimble (NASDAQ:TRMBGet Free Report) last announced its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company had revenue of $932.40 million during the quarter, compared to analysts’ expectations of $908.43 million. During the same period last year, the business posted $0.52 EPS. Trimble’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. JPMorgan Chase & Co. raised their target price on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Piper Sandler raised Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $51.00 to $68.00 in a research note on Tuesday, February 13th. Robert W. Baird raised their target price on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, Oppenheimer raised their target price on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Check Out Our Latest Stock Analysis on TRMB

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $51.05, for a total transaction of $127,625.00. Following the completion of the transaction, the chief executive officer now directly owns 203,856 shares in the company, valued at approximately $10,406,848.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $51.05, for a total value of $127,625.00. Following the completion of the transaction, the chief executive officer now owns 203,856 shares in the company, valued at approximately $10,406,848.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total value of $220,255.00. Following the completion of the transaction, the chief executive officer now owns 187,055 shares of the company’s stock, valued at approximately $11,771,371.15. The disclosure for this sale can be found here. Insiders sold 13,970 shares of company stock worth $811,069 in the last three months. 0.61% of the stock is owned by company insiders.

About Trimble

(Free Report)

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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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