Mission Wealth Management LP Has $1.08 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Mission Wealth Management LP grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,277 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,145 shares during the period. Mission Wealth Management LP’s holdings in Trimble were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in Trimble during the 3rd quarter worth approximately $43,000. Criterion Capital Advisors LLC acquired a new position in shares of Trimble during the fourth quarter worth approximately $67,000. GAMMA Investing LLC bought a new position in shares of Trimble in the 4th quarter worth $80,000. Orion Capital Management LLC acquired a new stake in Trimble in the 3rd quarter valued at $86,000. Finally, CVA Family Office LLC bought a new stake in Trimble during the 4th quarter valued at $111,000. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of a number of recent research reports. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Oppenheimer lifted their price target on Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Robert W. Baird raised their target price on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total value of $297,900.00. Following the transaction, the vice president now owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the sale, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jennifer Allison sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the transaction, the vice president now directly owns 2,315 shares of the company’s stock, valued at $137,927.70. The disclosure for this sale can be found here. Insiders sold a total of 16,828 shares of company stock worth $1,013,519 in the last quarter. Insiders own 0.47% of the company’s stock.

Trimble Stock Down 2.5 %

Shares of NASDAQ:TRMB opened at $58.59 on Thursday. Trimble Inc. has a 1 year low of $39.57 and a 1 year high of $65.55. The company has a market capitalization of $14.31 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.51. The business has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $53.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts forecast that Trimble Inc. will post 2.23 earnings per share 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.