Sumitomo Mitsui Trust Holdings Inc. Has $342.13 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,315,941 shares of the scientific and technical instruments company’s stock after buying an additional 126,472 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Trimble were worth $342,134,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TRMB. FMR LLC boosted its stake in Trimble by 27.9% in the third quarter. FMR LLC now owns 235,950 shares of the scientific and technical instruments company’s stock valued at $12,708,000 after buying an additional 51,506 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Trimble in the third quarter valued at about $335,000. Trexquant Investment LP acquired a new stake in Trimble in the third quarter valued at about $597,000. Treasurer of the State of North Carolina boosted its stake in Trimble by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 108,244 shares of the scientific and technical instruments company’s stock valued at $5,830,000 after buying an additional 550 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Trimble by 365.4% in the third quarter. Bank of Nova Scotia now owns 93,873 shares of the scientific and technical instruments company’s stock valued at $5,056,000 after buying an additional 73,701 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James reissued an “outperform” rating and set a $65.00 price target on shares of Trimble in a research note on Wednesday, May 15th. Piper Sandler reissued an “overweight” rating and set a $73.00 price target on shares of Trimble in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price target on Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of Trimble stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the sale, the chief executive officer now directly owns 183,555 shares in the company, valued at $11,472,187.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Peter Large sold 1,447 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the completion of the sale, the senior vice president now owns 8,220 shares in the company, valued at $485,802. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Painter sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total value of $218,750.00. Following the sale, the chief executive officer now owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,182 shares of company stock worth $318,636. 0.47% of the stock is owned by corporate insiders.

Trimble Trading Down 0.2 %

Shares of Trimble stock traded down $0.10 during midday trading on Wednesday, reaching $56.12. The company had a trading volume of 107,371 shares, compared to its average volume of 1,396,189. The stock has a fifty day moving average price of $56.57 and a 200 day moving average price of $56.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 0.88. The firm has a market cap of $13.71 billion, a PE ratio of 58.56, a P/E/G ratio of 2.54 and a beta of 1.50. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $953.30 million for the quarter, compared to analyst estimates of $921.15 million. Trimble had a return on equity of 12.04% and a net margin of 6.25%. On average, equities analysts anticipate that Trimble Inc. will post 2.21 earnings per share for the current year.

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.