1,655 Shares in Trimble Inc. (NASDAQ:TRMB) Purchased by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,655 shares of the scientific and technical instruments company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Liberty Capital Management Inc. grew its position in Trimble by 6.8% in the 1st quarter. Liberty Capital Management Inc. now owns 18,804 shares of the scientific and technical instruments company’s stock valued at $1,210,000 after acquiring an additional 1,194 shares during the last quarter. Czech National Bank boosted its position in Trimble by 0.5% in the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock valued at $2,817,000 after buying an additional 201 shares during the period. Fulton Bank N.A. increased its position in shares of Trimble by 2.6% during the first quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock worth $497,000 after acquiring an additional 199 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Trimble by 18.6% in the first quarter. GAMMA Investing LLC now owns 1,858 shares of the scientific and technical instruments company’s stock valued at $120,000 after purchasing an additional 291 shares during the period. Finally, CWM LLC increased its holdings in Trimble by 51.5% during the 1st quarter. CWM LLC now owns 3,499 shares of the scientific and technical instruments company’s stock worth $225,000 after purchasing an additional 1,189 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Performance

Shares of Trimble stock opened at $56.14 on Monday. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 58.48, a PEG ratio of 2.53 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. The firm’s fifty day simple moving average is $57.00 and its 200-day simple moving average is $56.64. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating 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 the consensus estimate of $921.15 million. As a group, equities analysts forecast that Trimble Inc. will post 2.21 earnings per share for the current year.

Insider Transactions at Trimble

In other news, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the completion of the transaction, the senior vice president now directly owns 8,220 shares of the company’s stock, valued at $485,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Peter Large sold 1,447 shares of Trimble stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at approximately $11,472,187.50. The disclosure for this sale can be found here. Insiders sold 5,182 shares of company stock valued at $318,636 in the last 90 days. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.