Rhumbline Advisers lowered its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462,058 shares of the scientific and technical instruments company's stock after selling 8,931 shares during the period. Rhumbline Advisers owned approximately 0.19% of Trimble worth $32,649,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the third quarter worth $49,000. Friedenthal Financial acquired a new stake in shares of Trimble in the fourth quarter worth $49,000. Cromwell Holdings LLC boosted its holdings in shares of Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock worth $50,000 after buying an additional 375 shares during the period. Finally, Mather Group LLC. grew its stake in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 343 shares during the last quarter. Institutional investors own 93.21% of the company's stock.
Trimble Price Performance
Shares of Trimble stock traded down $1.74 during midday trading on Friday, reaching $71.47. The company had a trading volume of 1,852,430 shares, compared to its average volume of 1,323,335. The stock has a fifty day simple moving average of $73.30 and a 200 day simple moving average of $66.28. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. 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 company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on TRMB shares. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a report on Monday, December 16th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday. StockNews.com upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating in a report on Thursday. Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $86.00.
Read Our Latest Research Report on TRMB
Insider Buying and Selling at Trimble
In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.47% of the company's stock.
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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