Sei Investments Co. Purchases 29,343 Shares of Trimble Inc. (NASDAQ:TRMB)

Sei Investments Co. lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,684 shares of the scientific and technical instruments company's stock after acquiring an additional 29,343 shares during the period. Sei Investments Co. owned 0.06% of Trimble worth $9,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Trimble by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock worth $364,984,000 after purchasing an additional 39,069 shares during the period. Victory Capital Management Inc. boosted its position in shares of Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after acquiring an additional 222,679 shares during the last quarter. Boston Partners boosted its position in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after acquiring an additional 2,312,937 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Trimble by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company's stock valued at $147,017,000 after acquiring an additional 24,070 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after acquiring an additional 136,452 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRMB. 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 report on Thursday, February 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a research report on Monday, December 16th. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Oppenheimer increased their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Eight investment 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 stock presently has a consensus rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last ninety days. 0.47% of the stock is owned by company insiders.

Trimble Trading Down 9.4 %

Shares of Trimble stock traded down $6.23 during trading on Thursday, hitting $60.28. The stock had a trading volume of 1,812,108 shares, compared to its average volume of 1,380,057. Trimble Inc. has a 12 month low of $48.65 and a 12 month 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. The firm's fifty day simple moving average is $71.18 and its 200-day simple moving average is $69.08. The stock has a market cap of $14.82 billion, a PE ratio of 9.90, a PEG ratio of 3.09 and a beta of 1.57.

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.