Lifestyle Asset Management Inc. Takes $1.05 Million Position in Trimble Inc. (NASDAQ:TRMB)

Lifestyle Asset Management Inc. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,835 shares of the scientific and technical instruments company’s stock, valued at approximately $1,045,000.

Other hedge funds have also bought and sold shares of the company. Farrow Financial Inc. raised its holdings in Trimble by 0.5% during the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after acquiring an additional 192 shares during the period. SVB Wealth LLC lifted its holdings in Trimble by 4.8% in the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after purchasing an additional 204 shares in the last quarter. Profund Advisors LLC grew its holdings in Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after buying an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 0.7 %

NASDAQ TRMB opened at $72.14 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52 week low of $40.79 and a 52 week high of $73.17. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 3.23 and a beta of 1.49. The company has a fifty day moving average of $60.14 and a two-hundred day moving average of $57.39.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $870.80 million during the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.67% and a return on equity of 10.18%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, analysts predict that Trimble Inc. will post 2.25 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Trimble

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.