Swiss National Bank Has $48.75 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Swiss National Bank lessened its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,900 shares of the scientific and technical instruments company's stock after selling 33,200 shares during the quarter. Swiss National Bank owned about 0.28% of Trimble worth $48,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRMB. Cullen Frost Bankers Inc. grew its stake in Trimble by 0.6% in the fourth 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 acquiring an additional 141 shares during the period. Essex Investment Management Co. LLC lifted its position in Trimble by 0.5% in 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 acquiring an additional 141 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Trimble by 12.7% in 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 acquiring an additional 149 shares in the last quarter. M&T Bank Corp lifted its position in Trimble by 1.6% in 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 acquiring an additional 156 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its position in Trimble by 4.4% in 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 acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

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Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction dated 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 transaction, 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. In the last ninety days, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $74.00 to $92.00 in a research report 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 research report on Monday, December 16th. 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 report on Thursday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble currently has a consensus rating of "Buy" and an average price target of $86.00.

Trimble Stock Performance

Shares of TRMB stock traded down $0.96 on Thursday, reaching $70.68. The stock had a trading volume of 1,783,608 shares, compared to its average volume of 1,318,571. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average is $72.55 and its two-hundred day moving average is $68.23. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

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.