AE Wealth Management LLC Buys Shares of 4,089 Trimble Inc. (NASDAQ:TRMB)

AE Wealth Management LLC purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,089 shares of the scientific and technical instruments company’s stock, valued at approximately $229,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Trimble by 25.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 296,093 shares of the scientific and technical instruments company’s stock worth $19,057,000 after buying an additional 60,409 shares in the last quarter. Contour Asset Management LLC boosted its position in Trimble by 14.6% during the fourth quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock worth $185,126,000 after acquiring an additional 442,131 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Trimble by 484.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 90,705 shares of the scientific and technical instruments company’s stock valued at $5,838,000 after acquiring an additional 75,182 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Trimble by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,315,941 shares of the scientific and technical instruments company’s stock worth $342,134,000 after purchasing an additional 126,472 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Trimble by 11.6% during the 4th quarter. Hsbc Holdings PLC now owns 407,332 shares of the scientific and technical instruments company’s stock worth $21,691,000 after purchasing an additional 42,432 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 1.9 %

NASDAQ TRMB opened at $61.65 on Friday. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55. The stock has a market capitalization of $15.06 billion, a P/E ratio of 64.22, a PEG ratio of 2.63 and a beta of 1.48. The firm’s 50-day moving average is $55.57 and its two-hundred day moving average is $57.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.88.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data 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. The firm had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Piper Sandler reissued an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, August 19th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird boosted their target price on shares of Trimble from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Trimble 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.