Loomis Sayles & Co. L P cut its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 466,630 shares of the scientific and technical instruments company's stock after selling 14,520 shares during the quarter. Loomis Sayles & Co. L P owned about 0.19% of Trimble worth $32,972,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. bought a new stake in shares of Trimble during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the fourth quarter worth $36,000. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 422 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TRMB has been the topic of a number of research reports. 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. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Monday, December 16th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating 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, Trimble presently has an average rating of "Buy" and a consensus price target of $86.00.
Read Our Latest Analysis on TRMB
Trimble Stock Performance
Shares of NASDAQ TRMB traded down $0.10 during trading hours on Tuesday, hitting $65.55. 330,095 shares of the stock were exchanged, compared to its average volume of 1,368,185. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company's 50 day moving average is $71.96 and its 200 day moving average is $69.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market capitalization of $16.11 billion, a P/E ratio of 10.74, a P/E/G ratio of 3.09 and a beta of 1.57.
Insider Transactions at Trimble
In related news, VP Jennifer Allison sold 3,571 shares of the 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 sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction dated 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 sold a total of 11,421 shares of company stock worth $831,683 over the last three months. 0.47% of the stock is currently owned by insiders.
About Trimble
(
Free Report)
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.
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