Beaumont Financial Advisors LLC Takes Position in Trimble Inc. (NASDAQ:TRMB)

Beaumont Financial Advisors LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,409 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of TRMB. Contour Asset Management LLC lifted its stake in shares of Trimble by 14.6% in the 4th quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock valued at $185,126,000 after acquiring an additional 442,131 shares during the last quarter. FIL Ltd raised its position in Trimble by 5.2% during the 4th quarter. FIL Ltd now owns 3,588,699 shares of the scientific and technical instruments company’s stock worth $190,919,000 after purchasing an additional 178,375 shares during the last quarter. V Square Quantitative Management LLC raised its position in Trimble by 21.2% during the 4th quarter. V Square Quantitative Management LLC now owns 6,516 shares of the scientific and technical instruments company’s stock worth $347,000 after purchasing an additional 1,140 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Trimble by 11.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 95,158 shares of the scientific and technical instruments company’s stock worth $5,062,000 after purchasing an additional 9,628 shares during the last quarter. Finally, Wahed Invest LLC raised its position in Trimble by 8.2% during the 4th quarter. Wahed Invest LLC now owns 4,201 shares of the scientific and technical instruments company’s stock worth $223,000 after purchasing an additional 317 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRMB. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird raised 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. JPMorgan Chase & Co. raised their target price on Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Oppenheimer reiterated an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Stock Performance

Shares of Trimble stock opened at $63.01 on Friday. 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 business has a 50-day moving average price of $57.00 and a two-hundred day moving average price of $57.28. The company has a market cap of $15.39 billion, a P/E ratio of 65.64, a PEG ratio of 2.79 and a beta of 1.49. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55.

Trimble (NASDAQ:TRMB) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. As a group, analysts anticipate that Trimble Inc. will post 2.23 EPS for the current year.

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.