Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 7.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,500 shares of the scientific and technical instruments company’s stock after purchasing an additional 690 shares during the quarter. Inspire Advisors LLC’s holdings in Trimble were worth $590,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Claro Advisors LLC purchased a new stake in Trimble in the third quarter valued at approximately $237,000. V Square Quantitative Management LLC grew its holdings in Trimble by 12.6% in the third quarter. V Square Quantitative Management LLC now owns 7,263 shares of the scientific and technical instruments company’s stock valued at $451,000 after purchasing an additional 811 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Trimble by 3.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 110,452 shares of the scientific and technical instruments company’s stock valued at $6,858,000 after purchasing an additional 3,734 shares during the period. One Wealth Advisors LLC grew its holdings in Trimble by 11.0% in the third quarter. One Wealth Advisors LLC now owns 5,464 shares of the scientific and technical instruments company’s stock valued at $339,000 after purchasing an additional 542 shares during the period. Finally, Sumitomo Life Insurance Co. grew its stake in Trimble by 1.8% during the third quarter. Sumitomo Life Insurance Co. now owns 42,933 shares of the scientific and technical instruments company’s stock worth $2,666,000 after buying an additional 760 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TRMB. Oppenheimer reiterated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Piper Sandler reiterated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday, August 19th. Robert W. Baird boosted their price objective 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. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Trimble Trading Up 0.6 %

NASDAQ TRMB opened at $61.77 on Friday. The company’s fifty day simple moving average is $58.08 and its 200-day simple moving average is $57.21. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $15.08 billion, a P/E ratio of 10.09, a PEG ratio of 2.83 and a beta of 1.49.

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