Trimble Inc. (NASDAQ:TRMB) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,271,403 shares of the scientific and technical instruments company's stock after purchasing an additional 520,980 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.52% of Trimble worth $89,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after purchasing an additional 183,150 shares during the period. Geode Capital Management LLC lifted its holdings in Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock worth $364,984,000 after buying an additional 39,069 shares during the period. Victory Capital Management Inc. boosted its position in Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after acquiring an additional 222,679 shares in the last quarter. Boston Partners boosted its position 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 valued at $239,802,000 after acquiring an additional 2,312,937 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Trimble by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company's stock worth $147,017,000 after acquiring an additional 24,070 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on TRMB. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Sanford C. Bernstein upped their target price on shares of 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 lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of 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. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of "Buy" and an average price target of $86.00.

Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company's stock.

Trimble Trading Down 1.6 %

Shares of NASDAQ TRMB traded down $0.90 during mid-day trading on Tuesday, reaching $55.12. The company had a trading volume of 1,697,672 shares, compared to its average volume of 1,384,750. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business's 50-day moving average is $69.57 and its 200-day moving average is $69.07. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

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.