Sentry Investment Management LLC Invests $76,000 in Trimble Inc. (NASDAQ:TRMB)

Sentry Investment Management LLC purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,224 shares of the scientific and technical instruments company’s stock, valued at approximately $76,000.

Several other institutional investors also recently added to or reduced their stakes in TRMB. GPS Wealth Strategies Group LLC grew its stake in Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 479 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares during the period. Catalyst Capital Advisors LLC bought a new position in Trimble in the third quarter worth approximately $49,000. Cromwell Holdings LLC increased its holdings in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Trimble during the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMB. Robert W. Baird lifted their price objective on Trimble from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Oppenheimer restated an “outperform” rating and set a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.40.

Trimble Stock Performance

Shares of TRMB stock opened at $61.62 on Wednesday. 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 company has a market cap of $15.05 billion, a PE ratio of 10.07, a PEG ratio of 2.75 and a beta of 1.49. Trimble Inc. has a 12-month low of $40.79 and a 12-month high of $65.55. The business’s fifty day simple moving average is $59.39 and its 200-day simple moving average is $57.16.

Trimble (NASDAQ:TRMB) last released 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. The company had revenue of $870.80 million during the quarter, compared to analysts’ expectations of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. Trimble’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Analysts expect that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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.