SG Americas Securities LLC Has $1.44 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

SG Americas Securities LLC trimmed its position in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 40.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,143 shares of the scientific and technical instruments company’s stock after selling 18,444 shares during the quarter. SG Americas Securities LLC’s holdings in Trimble were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Clearview Wealth Advisors LLC boosted its stake in shares of Trimble by 6.5% during the fourth quarter. Clearview Wealth Advisors LLC now owns 14,671 shares of the scientific and technical instruments company’s stock valued at $780,000 after purchasing an additional 892 shares in the last quarter. CX Institutional bought a new position in shares of Trimble during the fourth quarter worth about $270,000. Westside Investment Management Inc. bought a new position in shares of Trimble during the fourth quarter worth about $1,311,000. Exchange Traded Concepts LLC raised its position in shares of Trimble by 5.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 311,291 shares of the scientific and technical instruments company’s stock worth $16,561,000 after acquiring an additional 16,763 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Trimble by 0.3% during the third quarter. Vanguard Group Inc. now owns 28,939,750 shares of the scientific and technical instruments company’s stock worth $1,558,695,000 after acquiring an additional 86,414 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 1.7 %

NASDAQ TRMB opened at $64.36 on Friday. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 2.84 and a beta of 1.50. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The business has a 50 day moving average price of $58.79 and a 200-day moving average price of $52.23. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56.

Trimble (NASDAQ:TRMBGet Free Report) last released its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a return on equity of 12.59% and a net margin of 8.19%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, equities analysts expect that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the sale, the vice president now owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction on 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 directly owns 203,856 shares in the company, valued at approximately $10,406,848.80. The disclosure for this sale can be found here. Insiders sold a total of 14,146 shares of company stock worth $822,509 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

View Our Latest Research Report on TRMB

Trimble Company Profile

(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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