Mitsubishi UFJ Trust & Banking Corp Has $8.88 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,659 shares of the scientific and technical instruments company's stock after buying an additional 10,303 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Trimble worth $8,879,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRMB. KBC Group NV raised its position in shares of Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after purchasing an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. increased its position in Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after buying an additional 136,452 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Trimble by 76.5% in 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 acquiring an additional 17,424 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of 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 valued at $9,295,000 after acquiring an additional 132,467 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Trimble during the 4th quarter worth about $406,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Stock Performance

NASDAQ:TRMB traded down $6.85 during mid-day trading on Thursday, hitting $59.66. The stock had a trading volume of 208,855 shares, compared to its average volume of 1,373,656. 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 50 day simple moving average of $71.53 and a 200-day simple moving average of $69.14. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. 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, the company has a consensus rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling

In other news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were 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 owns 10,162 shares of the company's stock, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

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.