Mn Services Vermogensbeheer B.V. Has $6.03 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,366 shares of the scientific and technical instruments company’s stock after selling 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Trimble were worth $6,031,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRMB. American Century Companies Inc. increased its position in shares of Trimble by 12.9% during the 1st quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock worth $481,000 after purchasing an additional 760 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Trimble during the 1st quarter worth approximately $271,000. Dimensional Fund Advisors LP increased its position in shares of Trimble by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock worth $82,251,000 after purchasing an additional 6,402 shares during the last quarter. Prudential PLC bought a new position in shares of Trimble during the 1st quarter worth approximately $371,000. Finally, National Pension Service boosted its stake in shares of Trimble by 5.1% during the 1st quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock worth $31,796,000 after acquiring an additional 21,426 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the completion of the transaction, the chief executive officer now owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the completion of the transaction, the chief executive officer now directly owns 183,555 shares in the company, valued at $11,472,187.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the transaction, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders sold a total of 15,146 shares of company stock valued at $913,634 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $59.41 on Tuesday. The stock has a fifty day moving average price of $61.05 and a 200-day moving average price of $53.09. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 2.71 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.52 EPS. Trimble’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRMB. Robert W. Baird lifted 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. Oppenheimer lifted 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. JPMorgan Chase & Co. lifted 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 restated an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research note on Monday. Finally, StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.83.

About Trimble

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.