Andra AP fonden Takes $570,000 Position in Trimble Inc. (NASDAQ:TRMB)

Andra AP fonden purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 10,200 shares of the scientific and technical instruments company’s stock, valued at approximately $570,000.

A number of other institutional investors have also made changes to their positions in TRMB. Principal Securities Inc. acquired a new position in shares of Trimble during the 4th quarter worth about $52,000. BNP Paribas Financial Markets grew its holdings in Trimble by 40.8% during the fourth quarter. BNP Paribas Financial Markets now owns 225,799 shares of the scientific and technical instruments company’s stock valued at $12,013,000 after purchasing an additional 65,480 shares during the period. Dimensional Fund Advisors LP increased its stake in Trimble by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,466,786 shares of the scientific and technical instruments company’s stock valued at $78,041,000 after purchasing an additional 263,982 shares in the last quarter. Forum Financial Management LP acquired a new stake in Trimble in the fourth quarter worth $200,000. Finally, Ieq Capital LLC bought a new position in shares of Trimble during the fourth quarter worth $511,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 1.4 %

NASDAQ:TRMB opened at $55.68 on Friday. The company has a market cap of $13.60 billion, a P/E ratio of 58.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.48. Trimble Inc. has a twelve month low of $39.57 and a twelve month high of $65.55. The business has a 50 day moving average price of $55.07 and a two-hundred day moving average price of $57.61. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB) last announced its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The business had revenue of $870.80 million during the quarter, compared to analysts’ expectations of $862.50 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. As a group, analysts expect that Trimble Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

TRMB has been the subject of a number of recent analyst reports. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird raised their price target on Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on Trimble from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $73.00 target price on shares of Trimble in a report on Monday, August 19th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average target price of $65.33.

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.