Schroder Investment Management Group Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Schroder Investment Management Group boosted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1,064.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 456,512 shares of the scientific and technical instruments company's stock after purchasing an additional 417,313 shares during the period. Schroder Investment Management Group owned about 0.19% of Trimble worth $32,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Trimble by 73.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 681,578 shares of the scientific and technical instruments company's stock worth $48,160,000 after buying an additional 288,313 shares during the period. Allstate Corp purchased a new position in shares of Trimble in the fourth quarter valued at about $507,000. Orion Portfolio Solutions LLC raised its stake in shares of Trimble by 66.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 22,965 shares of the scientific and technical instruments company's stock valued at $1,623,000 after acquiring an additional 9,129 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Trimble by 15.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 144,823 shares of the scientific and technical instruments company's stock worth $10,233,000 after purchasing an additional 19,050 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Trimble by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 70,174 shares of the scientific and technical instruments company's stock worth $4,958,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

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Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the company'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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Trimble Stock Down 6.3 %

NASDAQ:TRMB traded down $3.77 during mid-day trading on Friday, hitting $56.51. 1,922,279 shares of the company's stock were exchanged, compared to its average volume of 1,377,255. The company has a market cap of $13.89 billion, a PE ratio of 9.28, a P/E/G 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. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The business has a fifty day moving average price of $70.76 and a 200 day moving average price of $69.22.

Analysts Set New Price Targets

Several research firms have weighed in on TRMB. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Piper Sandler reissued an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus price target of $86.00.

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.