Inspire Investing LLC Sells 1,479 Shares of Trimble Inc. (NASDAQ:TRMB)

Inspire Investing LLC trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 5.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,248 shares of the scientific and technical instruments company’s stock after selling 1,479 shares during the period. Inspire Investing LLC’s holdings in Trimble were worth $1,692,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Fulton Bank N.A. lifted its stake in Trimble by 2.6% during the first quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock worth $497,000 after purchasing an additional 199 shares during the period. Czech National Bank boosted its stake in Trimble by 0.5% in the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after buying an additional 201 shares in the last quarter. SVB Wealth LLC grew its position in Trimble by 4.8% in the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after acquiring an additional 204 shares during the period. Profund Advisors LLC raised its stake in Trimble by 4.6% during the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Trimble by 1.9% during the first quarter. Caprock Group LLC now owns 12,584 shares of the scientific and technical instruments company’s stock valued at $810,000 after acquiring an additional 233 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Up 2.1 %

TRMB opened at $63.01 on Monday. The firm has a 50 day simple moving average of $57.00 and a 200 day simple moving average of $57.19. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The company had revenue of $870.80 million during the quarter, compared to analysts’ expectations of $862.50 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. upped their target price on shares of Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, August 19th. Finally, Robert W. Baird boosted their target price on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.67.

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.