Resona Asset Management Co. Ltd. Takes Position in Trimble Inc. (NASDAQ:TRMB)

Resona Asset Management Co. Ltd. bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 74,038 shares of the scientific and technical instruments company's stock, valued at approximately $5,237,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. Crowley Wealth Management Inc. acquired a new position in shares of Trimble during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble in the 4th quarter valued at $36,000. TD Private Client Wealth LLC grew its position in Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Trading Up 2.7 %

TRMB stock traded up $1.60 during trading on Monday, hitting $59.82. The company had a trading volume of 119,551 shares, compared to its average volume of 1,389,603. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $68.38 and a 200-day moving average price of $69.09.

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Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRMB. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Oppenheimer lifted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $86.00.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock worth $831,683 over the last 90 days. Insiders own 0.47% of the company's stock.

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.