Trimble Inc. (NASDAQ:TRMB) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 4.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,335 shares of the scientific and technical instruments company’s stock after selling 1,430 shares during the period. Bath Savings Trust Co’s holdings in Trimble were worth $1,952,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Trimble by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 1,858 shares of the scientific and technical instruments company’s stock valued at $120,000 after buying an additional 291 shares during the period. CWM LLC raised its stake in shares of Trimble by 51.5% during the first quarter. CWM LLC now owns 3,499 shares of the scientific and technical instruments company’s stock valued at $225,000 after purchasing an additional 1,189 shares during the period. Symmetry Partners LLC acquired a new position in shares of Trimble during the first quarter worth $225,000. Nomura Holdings Inc. purchased a new position in shares of Trimble in the fourth quarter valued at $268,000. Finally, Quadrature Capital Ltd grew its holdings in Trimble by 115.4% during the 4th quarter. Quadrature Capital Ltd now owns 14,279 shares of the scientific and technical instruments company’s stock valued at $760,000 after purchasing an additional 7,651 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TRMB shares. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $73.00 price target on shares of Trimble in a report on Monday, May 6th. Raymond James restated an “outperform” rating and set a $65.00 price objective on shares of Trimble in a research note on Wednesday, May 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Activity

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total transaction of $218,750.00. Following the completion of the sale, the chief executive officer now owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,358 shares of company stock worth $330,076. 0.47% of the stock is owned by corporate insiders.

Trimble Trading Down 0.4 %

Shares of Trimble stock traded down $0.21 on Wednesday, reaching $55.51. 1,148,606 shares of the company were exchanged, compared to its average volume of 1,382,873. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 57.82, a price-to-earnings-growth ratio of 2.53 and a beta of 1.51. 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 stock has a fifty day moving average price of $57.21 and a 200-day moving average price of $56.44.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $953.30 million during the quarter, compared to analyst estimates of $921.15 million. On average, analysts expect that Trimble Inc. will post 2.21 EPS 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.