Vanguard Group Inc. Has $2.10 Billion Stock Position in Trimble Inc. (NASDAQ:TRMB)

Vanguard Group Inc. grew its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,706,534 shares of the scientific and technical instruments company's stock after purchasing an additional 183,150 shares during the quarter. Vanguard Group Inc. owned approximately 12.09% of Trimble worth $2,099,064,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRMB. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the fourth quarter valued at about $36,000. TD Private Client Wealth LLC grew its position in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 520 shares in the last quarter. Larson Financial Group LLC increased its stake in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new position in Trimble in the 4th quarter valued at approximately $49,000. Institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Sanford C. Bernstein boosted 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. 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 note on Thursday, February 20th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Finally, Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Eight investment 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, the stock presently has an average rating of "Buy" and a consensus target price of $86.00.

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Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value 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 $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock worth $831,683. Insiders own 0.47% of the company's stock.

Trimble Price Performance

NASDAQ TRMB traded down $2.46 during trading hours on Friday, reaching $65.52. 1,409,556 shares of the company's stock were exchanged, compared to its average volume of 1,370,799. The firm has a fifty day moving average of $72.15 and a 200-day moving average of $68.93. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The stock has a market cap of $16.10 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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.