Sawgrass Asset Management LLC Has $341,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Sawgrass Asset Management LLC lessened its position in shares of Trimble Inc. (NASDAQ:TRMB) by 20.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,417 shares of the scientific and technical instruments company’s stock after selling 1,659 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Trimble were worth $341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC acquired a new stake in Trimble during the 3rd quarter valued at approximately $43,000. Criterion Capital Advisors LLC acquired a new stake in Trimble during the 4th quarter valued at approximately $67,000. First Horizon Advisors Inc. increased its position in Trimble by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 1,269 shares of the scientific and technical instruments company’s stock valued at $68,000 after purchasing an additional 196 shares during the period. GAMMA Investing LLC acquired a new stake in Trimble during the 4th quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in Trimble during the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TRMB. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price objective on shares of Trimble in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research report on Monday. Finally, Robert W. Baird raised their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.93, for a total transaction of $220,255.00. Following the transaction, the chief executive officer now directly owns 187,055 shares in the company, valued at approximately $11,771,371.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,828 shares of company stock worth $1,013,519. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Up 1.4 %

NASDAQ TRMB traded up $0.80 during mid-day trading on Tuesday, hitting $57.00. The company’s stock had a trading volume of 2,326,133 shares, compared to its average volume of 1,425,062. The company’s 50 day simple moving average is $61.44 and its 200 day simple moving average is $53.86. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 2.51 and a beta of 1.51.

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 (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The business had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same quarter last year, the firm posted $0.52 EPS. Trimble’s revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current 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.