Trimble Inc. (NASDAQ:TRMB) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,558 shares of the scientific and technical instruments company's stock after selling 39,963 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Trimble worth $11,087,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TRMB. Victory Capital Management Inc. grew its position in Trimble by 1,387.6% during the second quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company's stock valued at $215,176,000 after acquiring an additional 3,589,249 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Trimble by 7.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company's stock valued at $203,976,000 after acquiring an additional 239,673 shares in the last quarter. Lazard Asset Management LLC boosted its position in Trimble by 25.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company's stock worth $164,087,000 after purchasing an additional 516,789 shares during the period. Dimensional Fund Advisors LP increased its holdings in Trimble by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company's stock valued at $102,842,000 after purchasing an additional 361,421 shares in the last quarter. Finally, Saturna Capital Corp raised its position in Trimble by 8.7% in the first quarter. Saturna Capital Corp now owns 1,690,347 shares of the scientific and technical instruments company's stock valued at $108,791,000 after purchasing an additional 135,108 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

TRMB traded down $0.50 on Thursday, hitting $72.14. 1,716,314 shares of the company's stock were exchanged, compared to its average volume of 1,348,365. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $59.82 and a two-hundred day moving average of $57.29. Trimble Inc. has a twelve month low of $40.79 and a twelve month high of $73.17. The firm has a market cap of $17.62 billion, a PE ratio of 11.78, a P/E/G ratio of 2.75 and a beta of 1.49.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million for the quarter, compared to analysts' expectations of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, research analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRMB shares. Piper Sandler upped their target price on Trimble from $73.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday. StockNews.com raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Oppenheimer reissued an "outperform" rating and set a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Robert W. Baird upped their price objective on Trimble from $65.00 to $66.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $72.20.

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.