Franklin Resources Inc. Has $15.09 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Franklin Resources Inc. decreased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,578 shares of the scientific and technical instruments company's stock after selling 147,402 shares during the quarter. Franklin Resources Inc. owned approximately 0.09% of Trimble worth $15,091,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Trimble by 2.9% in the third quarter. Janus Henderson Group PLC now owns 60,905 shares of the scientific and technical instruments company's stock valued at $3,782,000 after purchasing an additional 1,744 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Trimble by 3.4% during the third quarter. Wellington Management Group LLP now owns 16,888 shares of the scientific and technical instruments company's stock worth $1,049,000 after buying an additional 551 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Trimble by 9.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 37,683 shares of the scientific and technical instruments company's stock valued at $2,160,000 after acquiring an additional 3,363 shares during the period. National Bank of Canada FI grew its stake in shares of Trimble by 79.7% in the third quarter. National Bank of Canada FI now owns 129,522 shares of the scientific and technical instruments company's stock worth $8,042,000 after acquiring an additional 57,434 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Trimble by 0.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 69,733 shares of the scientific and technical instruments company's stock worth $4,330,000 after acquiring an additional 624 shares during the period. 93.21% of the stock is owned by institutional investors.

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Trimble Price Performance

NASDAQ TRMB traded up $0.18 during trading on Friday, reaching $58.22. 1,759,055 shares of the company traded hands, compared to its average volume of 1,393,040. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock's 50 day moving average price is $68.38 and its two-hundred day moving average price is $69.03. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value 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 valued at $831,683 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Trimble has a consensus rating of "Buy" and an average target price of $86.00.

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.