B. Metzler seel. Sohn & Co. AG Sells 13,166 Shares of Trimble Inc. (NASDAQ:TRMB)

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,450 shares of the scientific and technical instruments company's stock after selling 13,166 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Trimble were worth $1,304,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Trimble during the 4th quarter worth about $190,391,000. Boston Partners boosted its stake in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after acquiring an additional 2,312,937 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in Trimble during the fourth quarter valued at approximately $50,041,000. JPMorgan Chase & Co. increased its stake in Trimble by 69.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock valued at $89,837,000 after purchasing an additional 520,980 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company's stock worth $32,257,000 after purchasing an additional 417,313 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

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Trimble Stock Up 3.6 %

TRMB traded up $2.04 during trading hours on Tuesday, hitting $58.06. 326,991 shares of the company's stock were exchanged, compared to its average volume of 1,386,143. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The stock's 50-day moving average is $70.36 and its two-hundred day moving average is $69.19. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $86.00.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 in the last quarter. Corporate 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.