Davidson Investment Advisors Decreases Stock Holdings in Trimble Inc. $TRMB

Davidson Investment Advisors lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,898 shares of the scientific and technical instruments company’s stock after selling 6,572 shares during the quarter. Davidson Investment Advisors owned about 0.11% of Trimble worth $20,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Trimble in the 4th quarter valued at about $211,000. State of Wyoming acquired a new stake in Trimble in the first quarter valued at approximately $58,000. Vident Advisory LLC boosted its stake in Trimble by 90.9% in the first quarter. Vident Advisory LLC now owns 7,309 shares of the scientific and technical instruments company’s stock valued at $480,000 after acquiring an additional 3,480 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Trimble by 941.7% in the first quarter. Baird Financial Group Inc. now owns 31,596 shares of the scientific and technical instruments company’s stock worth $2,074,000 after purchasing an additional 28,563 shares during the last quarter. Finally, Nomura Holdings Inc. increased its position in shares of Trimble by 25.2% during the first quarter. Nomura Holdings Inc. now owns 10,067 shares of the scientific and technical instruments company’s stock worth $661,000 after purchasing an additional 2,024 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 616 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $81.99, for a total transaction of $50,505.84. Following the sale, the director directly owned 13,193 shares of the company’s stock, valued at approximately $1,081,694.07. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Phillip Sawarynski sold 2,250 shares of Trimble stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $80.45, for a total value of $181,012.50. Following the transaction, the chief financial officer owned 25,684 shares of the company’s stock, valued at $2,066,277.80. The trade was a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,084 shares of company stock worth $2,144,726 over the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp raised Trimble from a “sector weight” rating to an “overweight” rating and set a $99.00 price objective for the company in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Piper Sandler restated an “overweight” rating and set a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Wells Fargo & Company assumed coverage on shares of Trimble in a report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price objective on the stock. Finally, Berenberg Bank set a $95.00 target price on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $96.67.

Trimble Stock Down 0.0%

Shares of TRMB stock opened at $78.33 on Friday. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm has a market capitalization of $18.64 billion, a PE ratio of 53.65, a P/E/G ratio of 2.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 1.00. The stock’s 50-day simple moving average is $79.86 and its 200-day simple moving average is $80.08.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.73% and a net margin of 9.93%.The firm had revenue of $856.50 million for the quarter. Equities analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

Trimble declared that its Board of Directors has initiated a share buyback plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Trimble Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.