Trimble Inc. (NASDAQ:TRMB) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the scientific and technical instruments company’s stock after selling 200 shares during the quarter. Lyell Wealth Management LP’s holdings in Trimble were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRMB. Operose Advisors LLC acquired a new position in Trimble during the third quarter worth about $43,000. Criterion Capital Advisors LLC acquired a new position in Trimble during the fourth quarter worth about $67,000. GAMMA Investing LLC acquired a new position in Trimble during the fourth quarter worth about $80,000. Orion Capital Management LLC acquired a new position in Trimble during the third quarter worth about $86,000. Finally, CVA Family Office LLC acquired a new position in Trimble during the fourth quarter worth about $111,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 0.9 %

Shares of TRMB traded down $0.54 on Thursday, hitting $58.97. 1,271,586 shares of the stock traded hands, compared to its average volume of 1,383,381. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14.40 billion, a P/E ratio of 47.61, a P/E/G ratio of 2.67 and a beta of 1.50. The stock’s 50 day moving average is $61.71 and its two-hundred day moving average is $53.36. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, sell-side analysts predict that Trimble Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer upped their price target on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Robert W. Baird upped their price target on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price target on shares of Trimble in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.83.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Trimble news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the transaction, the chief executive officer now directly owns 239,901 shares in the company, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,828 shares of company stock valued at $1,013,519. Company insiders own 0.47% of the company’s stock.

Trimble 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.