Rockefeller Capital Management L.P. Cuts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,144 shares of the scientific and technical instruments company's stock after selling 163,280 shares during the period. Rockefeller Capital Management L.P. owned about 0.25% of Trimble worth $42,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TRMB. Crowley Wealth Management Inc. bought a new position in shares of Trimble during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble in the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the fourth quarter worth about $36,000. TD Private Client Wealth LLC grew its stake 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 worth $37,000 after acquiring an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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 have sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wolfe Research raised 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. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $86.00.

Trimble Stock Performance

Shares of NASDAQ TRMB traded up $0.10 during midday trading on Tuesday, reaching $59.59. 994,844 shares of the stock were exchanged, compared to its average volume of 1,393,639. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 3.09 and a beta of 1.57. The firm has a 50-day simple moving average of $67.75 and a two-hundred day simple moving average of $69.01. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Trimble Company 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.