Natixis Lowers Stock Position in Trimble Inc. (NASDAQ:TRMB)

Natixis decreased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,296 shares of the scientific and technical instruments company's stock after selling 4,673 shares during the period. Natixis' holdings in Trimble were worth $1,929,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in shares of Trimble during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter worth approximately $36,000. Larson Financial Group LLC increased its position 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 worth $48,000 after purchasing an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Trimble during the 4th quarter worth $49,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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. 0.47% of the stock is currently owned by company insiders.

Trimble Stock Performance

Trimble stock opened at $58.01 on Wednesday. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. 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 50 day simple moving average of $66.14 and a 200-day simple moving average of $68.87. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Analysts Set New Price Targets

TRMB has been the topic of several research reports. Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note 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 research report on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $86.00.

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.

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