Thrivent Financial for Lutherans lessened its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,496,685 shares of the scientific and technical instruments company's stock after selling 66,928 shares during the quarter. Trimble makes up about 0.5% of Thrivent Financial for Lutherans' investment portfolio, making the stock its 26th largest position. Thrivent Financial for Lutherans owned 1.42% of Trimble worth $247,076,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the 4th quarter valued at $36,000. TD Private Client Wealth LLC boosted its stake in Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 520 shares in the last quarter. Larson Financial Group LLC boosted 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 valued at $48,000 after buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Trimble in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 93.21% of the company's stock.
Trimble Trading Down 0.2 %
Trimble stock traded down $0.14 during mid-day trading on Friday, hitting $70.54. The stock had a trading volume of 3,049,939 shares, compared to its average volume of 1,327,639. The stock has a 50-day simple moving average of $72.52 and a two-hundred day simple moving average of $68.35. The stock has a market capitalization of $17.34 billion, a PE ratio of 11.58, 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. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Trimble presently has a consensus rating of "Buy" and a consensus target price of $86.00.
Check Out Our Latest Stock Analysis on Trimble
Insider Activity at Trimble
In related news, VP Christopher F. Keating sold 5,709 shares of the firm'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 SEC, which is available at this hyperlink. 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 value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, 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 over the last 90 days. Insiders own 0.47% of the company's stock.
About Trimble
(
Free Report)
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.
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