Mercer Global Advisors Inc. ADV Buys 12,808 Shares of Trimble Inc. (NASDAQ:TRMB)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Trimble Inc. (NASDAQ:TRMBGet Rating) by 38.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,161 shares of the scientific and technical instruments company’s stock after acquiring an additional 12,808 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Trimble were worth $4,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in shares of Trimble during the 3rd quarter valued at about $25,000. Lenox Wealth Advisors LLC boosted its position in shares of Trimble by 8,000.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 405 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 400 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Trimble during the 3rd quarter valued at about $42,000. RE Advisers Corp boosted its position in shares of Trimble by 55.5% during the 3rd quarter. RE Advisers Corp now owns 566 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 202 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Trimble during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Trimble stock traded up $1.99 during trading hours on Tuesday, reaching $69.05. The company had a trading volume of 9,947 shares, compared to its average volume of 1,508,451. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.22 and a quick ratio of 0.91. The company has a 50-day moving average price of $69.17 and a 200 day moving average price of $77.92. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.19 and a beta of 1.58. Trimble Inc. has a 12-month low of $62.32 and a 12-month high of $96.49.

Trimble (NASDAQ:TRMBGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The scientific and technical instruments company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The business had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $889.75 million. Trimble had a return on equity of 15.08% and a net margin of 13.47%. During the same period in the previous year, the firm earned $0.53 EPS. As a group, research analysts expect that Trimble Inc. will post 2.43 earnings per share for the current year.

In related news, Director Sandra Macquillan sold 10,500 shares of Trimble stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $66.44, for a total transaction of $697,620.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ronald Bisio sold 2,660 shares of Trimble stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $65.98, for a total value of $175,506.80. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Trimble from $101.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. JPMorgan Chase & Co. decreased their price objective on Trimble from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, March 28th. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Tuesday, January 4th. StockNews.com began coverage on Trimble in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Morgan Stanley decreased their price objective on Trimble from $76.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $85.17.

Trimble Profile (Get Rating)

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 route selection and design; 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.

See Also

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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