Clear Harbor Asset Management LLC Has $16.08 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Clear Harbor Asset Management LLC lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,922 shares of the scientific and technical instruments company’s stock after buying an additional 212 shares during the quarter. Trimble comprises about 1.3% of Clear Harbor Asset Management LLC’s holdings, making the stock its 16th largest position. Clear Harbor Asset Management LLC’s holdings in Trimble were worth $16,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Tobam bought a new stake in Trimble during the first quarter valued at $35,000. GPS Wealth Strategies Group LLC boosted its position in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 479 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $48,000. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

TRMB stock opened at $60.90 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $14.87 billion, a PE ratio of 9.95, a P/E/G ratio of 2.70 and a beta of 1.49. The business has a 50 day moving average of $58.81 and a 200-day moving average of $57.12. 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 Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The firm had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Trimble Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRMB. Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price objective on shares of Trimble in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Robert W. Baird upped their target price on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.