Boston Partners Increases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Boston Partners raised its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 217.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,377,136 shares of the scientific and technical instruments company's stock after acquiring an additional 2,312,937 shares during the period. Boston Partners owned approximately 1.37% of Trimble worth $239,802,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble in the fourth quarter worth about $36,000. TD Private Client Wealth LLC boosted its position in Trimble by 722.2% in the third 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. Larson Financial Group LLC boosted its position in Trimble by 164.8% in the fourth 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 last quarter. Finally, Friedenthal Financial purchased a new position in Trimble in the fourth quarter worth about $49,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TRMB shares. Piper Sandler reissued an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. 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 research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $86.00.

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Trimble Price Performance

TRMB traded down $0.14 on Friday, hitting $70.54. 3,049,939 shares of the company's stock traded hands, compared to its average volume of 1,330,099. The company's 50 day simple moving average is $72.52 and its 200-day simple moving average is $68.44. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by company insiders.

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.