Xponance Inc. Sells 2,419 Shares of Trimble Inc. (NASDAQ:TRMB)

Xponance Inc. lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 33,425 shares of the scientific and technical instruments company’s stock after selling 2,419 shares during the period. Xponance Inc.’s holdings in Trimble were worth $1,778,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Trimble by 13.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock worth $276,080,000 after acquiring an additional 603,020 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Trimble during the 4th quarter worth about $798,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Trimble during the 4th quarter worth about $117,000. Cerity Partners LLC boosted its stake in shares of Trimble by 181.6% during the 4th quarter. Cerity Partners LLC now owns 12,944 shares of the scientific and technical instruments company’s stock worth $689,000 after acquiring an additional 8,348 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its stake in shares of Trimble by 11.3% during the 4th quarter. Capital Insight Partners LLC now owns 4,810 shares of the scientific and technical instruments company’s stock worth $256,000 after acquiring an additional 490 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Peter Large sold 1,447 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the transaction, the senior vice president now owns 8,220 shares in the company, valued at approximately $485,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,828 shares of company stock worth $1,013,519. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TRMB shares. Piper Sandler reissued an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research report on Monday, April 15th. Robert W. Baird boosted their price objective on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer boosted their price objective on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. boosted 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.83.

Trimble Price Performance

Shares of TRMB stock opened at $59.69 on Wednesday. The stock has a 50 day moving average of $61.71 and a two-hundred day moving average of $53.36. 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 12 month low of $39.57 and a 12 month high of $65.55. The company has a market capitalization of $14.58 billion, a P/E ratio of 47.75, a P/E/G ratio of 2.64 and a beta of 1.50.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data 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 the consensus estimate of $908.43 million. During the same quarter last year, the company earned $0.52 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that Trimble Inc. will post 2.23 EPS for the current year.

Trimble Company 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.