Trillium Asset Management LLC Lowers Stake in Trimble Inc. (NASDAQ:TRMB)

Trillium Asset Management LLC reduced its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,778 shares of the scientific and technical instruments company's stock after selling 4,998 shares during the quarter. Trillium Asset Management LLC's holdings in Trimble were worth $8,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock valued at $11,279,000 after buying an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after purchasing an additional 136,452 shares during the period. Benjamin Edwards Inc. increased its position in Trimble by 76.5% during the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock worth $2,496,000 after purchasing an additional 17,424 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in Trimble by 768.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock worth $9,295,000 after purchasing an additional 132,467 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRMB shares. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and raised their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $86.00.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. 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 quarter. 0.47% of the stock is currently owned by company insiders.

Trimble Price Performance

Shares of TRMB traded up $1.53 during trading hours on Monday, reaching $72.07. 1,167,909 shares of the company traded hands, compared to its average volume of 1,329,450. The stock has a fifty day simple moving average of $72.52 and a 200 day simple moving average of $68.53. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market capitalization of $17.71 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Trimble 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.