Edmond DE Rothschild Holding S.A. Sells 23,132 Shares of Trimble Inc. (NASDAQ:TRMB)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 107,796 shares of the scientific and technical instruments company's stock after selling 23,132 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Trimble were worth $7,617,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. bought a new stake in Trimble in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Trimble in the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. purchased a new stake in Trimble during the 4th quarter valued at about $36,000. TD Private Client Wealth LLC grew its position in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Down 9.4 %

Shares of TRMB stock traded down $6.23 during midday trading on Thursday, reaching $60.28. 1,812,108 shares of the stock were exchanged, compared to its average volume of 1,379,724. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The firm has a market cap of $14.82 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company's 50 day moving average is $71.53 and its two-hundred day moving average is $69.14. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble 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 completion of the transaction, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction dated Friday, January 17th. The stock was 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 owns 3,157 shares in the company, 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. Insiders have sold 11,421 shares of company stock worth $831,683 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Oppenheimer boosted 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. Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $86.00.

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.