Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 25.7% in the first quarter, HoldingsChannel.com reports. The firm owned 45,135 shares of the scientific and technical instruments company’s stock after buying an additional 9,236 shares during the quarter. Tidal Investments LLC’s holdings in Trimble were worth $2,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in Trimble by 56.7% in the fourth quarter. Truist Financial Corp now owns 38,884 shares of the scientific and technical instruments company’s stock valued at $2,069,000 after purchasing an additional 14,074 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Trimble by 25.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 296,093 shares of the scientific and technical instruments company’s stock valued at $19,057,000 after acquiring an additional 60,409 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Trimble by 51.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 40,988 shares of the scientific and technical instruments company’s stock valued at $2,185,000 after acquiring an additional 13,899 shares during the period. Jump Financial LLC boosted its holdings in shares of Trimble by 80.9% in the fourth quarter. Jump Financial LLC now owns 40,203 shares of the scientific and technical instruments company’s stock valued at $2,139,000 after acquiring an additional 17,979 shares during the period. Finally, Contour Asset Management LLC boosted its holdings in shares of Trimble by 14.6% in the fourth quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock valued at $185,126,000 after acquiring an additional 442,131 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Price Performance

NASDAQ:TRMB traded down $1.39 during trading hours on Thursday, hitting $53.15. The company’s stock had a trading volume of 364,662 shares, compared to its average volume of 1,353,001. The business’s 50-day moving average is $55.89 and its two-hundred day moving average is $57.57. The company has a market capitalization of $12.98 billion, a PE ratio of 56.71, a PEG ratio of 2.46 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. As a group, research analysts anticipate that Trimble Inc. will post 2.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRMB has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Raymond James reissued an “outperform” rating and issued a $65.00 price objective on shares of Trimble in a report on Wednesday, May 15th. Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Monday, May 6th. Finally, Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.67.

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.