Chilton Capital Management LLC Increases Position in Trimble Inc. (NASDAQ:TRMB)

Chilton Capital Management LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 7.7% during the first quarter, HoldingsChannel reports. The firm owned 380,623 shares of the scientific and technical instruments company’s stock after buying an additional 27,135 shares during the quarter. Chilton Capital Management LLC’s holdings in Trimble were worth $24,988,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRMB. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble in the 4th quarter valued at approximately $36,000. Central Pacific Bank Trust Division increased its position in shares of Trimble by 174.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 558 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 355 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trimble

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the transaction, the director directly owned 17,939 shares of the company’s stock, valued at approximately $1,286,046.91. This trade represents a 26.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Trimble Trading Up 1.2%

NASDAQ TRMB opened at $78.82 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. The firm’s fifty day moving average price is $70.97 and its 200 day moving average price is $69.73. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 3.36 and a beta of 1.67. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $78.99.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $840.60 million for the quarter, compared to the consensus estimate of $810.45 million. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. On average, sell-side analysts expect that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRMB. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, May 14th. Wall Street Zen downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $88.43.

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.