Erste Asset Management GmbH Lowers Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Erste Asset Management GmbH trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,406 shares of the scientific and technical instruments company's stock after selling 4,286 shares during the period. Erste Asset Management GmbH's holdings in Trimble were worth $4,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in shares of Trimble by 0.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock valued at $1,623,000 after purchasing an additional 141 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Trimble by 0.5% during 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 period. SRS Capital Advisors Inc. raised its position in shares of Trimble by 12.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock valued at $93,000 after purchasing an additional 149 shares during the period. M&T Bank Corp raised its position in shares of Trimble by 1.6% during the 4th 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, SYM FINANCIAL Corp raised its position in shares of Trimble by 4.4% during the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company's stock valued at $290,000 after purchasing an additional 172 shares during the period. 93.21% of the stock is currently owned by institutional investors.

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Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Allison sold 3,571 shares of Trimble 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 transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock worth $831,683 in the last three months. Insiders own 0.47% of the company's stock.

Trimble Price Performance

Shares of Trimble stock traded up $1.45 during trading hours on Wednesday, reaching $71.64. The company's stock had a trading volume of 2,041,608 shares, compared to its average volume of 1,316,566. The firm has a 50 day moving average price of $72.57 and a 200-day moving average price of $68.21. Trimble Inc. has a one year low of $48.65 and a one 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. The stock has a market cap of $17.61 billion, a P/E ratio of 11.76, a P/E/G ratio of 3.09 and a beta of 1.57.

Analyst Ratings Changes

A number of analysts have issued reports on TRMB shares. 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. Robert W. Baird lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Wolfe Research upgraded 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. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Eight equities 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, the company has a consensus rating of "Buy" and an average price target of $86.00.

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.