Trimble Inc. (NASDAQ:TRMB) Shares Sold by Shelton Capital Management

Shelton Capital Management trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,516 shares of the scientific and technical instruments company's stock after selling 51,000 shares during the quarter. Shelton Capital Management owned about 0.10% of Trimble worth $16,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TRMB. Cullen Frost Bankers Inc. grew its position in Trimble by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock worth $1,623,000 after buying an additional 141 shares during the period. Essex Investment Management Co. LLC raised its stake in Trimble by 0.5% in the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock valued at $2,017,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Trimble by 12.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock valued at $93,000 after buying an additional 149 shares during the period. M&T Bank Corp grew its position in shares of Trimble by 1.6% in the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock valued at $717,000 after purchasing an additional 156 shares during the period. Finally, Huntington National Bank increased its stake in Trimble by 10.4% in the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock valued at $125,000 after purchasing an additional 167 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of research firms have recently commented on TRMB. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, StockNews.com downgraded 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 stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of "Buy" and an average target price of $86.00.

Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated 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 transaction, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jennifer Allison sold 3,571 shares of the firm's 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 sale, the vice president now owns 3,157 shares of the company's stock, valued at approximately $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 three months, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is currently owned by company insiders.

Trimble Stock Up 0.3 %

NASDAQ TRMB traded up $0.18 on Friday, reaching $58.22. The company had a trading volume of 1,759,055 shares, compared to its average volume of 1,394,491. The firm has a market capitalization of $14.31 billion, a PE ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57. The firm has a 50-day moving average of $68.38 and a 200-day moving average of $69.09. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. 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 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.