Mizuho Securities USA LLC Buys 7,309 Shares of Trimble Inc. (NASDAQ:TRMB)

Mizuho Securities USA LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 46.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,145 shares of the scientific and technical instruments company's stock after purchasing an additional 7,309 shares during the period. Mizuho Securities USA LLC's holdings in Trimble were worth $1,635,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRMB. TD Private Client Wealth LLC raised its holdings in Trimble by 826.5% during the fourth quarter. TD Private Client Wealth LLC now owns 5,485 shares of the scientific and technical instruments company's stock valued at $388,000 after buying an additional 4,893 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Trimble in the 4th quarter valued at approximately $5,198,000. Royal London Asset Management Ltd. raised its stake in shares of Trimble by 1.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 101,868 shares of the scientific and technical instruments company's stock valued at $7,198,000 after acquiring an additional 1,456 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Trimble in the 4th quarter worth approximately $113,000. Finally, Vinva Investment Management Ltd boosted its position in Trimble by 80.4% during the fourth quarter. Vinva Investment Management Ltd now owns 9,665 shares of the scientific and technical instruments company's stock worth $681,000 after purchasing an additional 4,307 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently issued reports on TRMB. 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 research note on Monday, December 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price target 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 boosted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Cfra upgraded 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $86.00.

Trimble Trading Down 3.6 %

TRMB traded down $2.46 during mid-day trading on Friday, reaching $65.52. The stock had a trading volume of 1,409,556 shares, compared to its average volume of 1,370,799. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a market capitalization of $16.10 billion, a P/E ratio of 10.76, a P/E/G ratio of 3.09 and a beta of 1.57. The firm's fifty day simple moving average is $72.15 and its two-hundred day simple moving average is $68.93.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business's 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 completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction 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 in the last quarter. 0.47% of the stock is owned by company insiders.

About Trimble

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.