Vontobel Holding Ltd. Trims Stake in Trimble Inc. (NASDAQ:TRMB)

Vontobel Holding Ltd. lessened its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 769,303 shares of the scientific and technical instruments company's stock after selling 17,325 shares during the quarter. Vontobel Holding Ltd. owned 0.31% of Trimble worth $54,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV increased its position in shares of Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock valued at $11,279,000 after acquiring an additional 71,891 shares during the period. Principal Financial Group Inc. increased its position in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company's stock valued at $24,296,000 after acquiring an additional 60,752 shares during the period. JPMorgan Chase & Co. increased its position in shares of Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after acquiring an additional 136,452 shares during the period. Benjamin Edwards Inc. increased its position in shares of Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock valued at $2,496,000 after acquiring an additional 17,424 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Trimble by 768.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock valued at $9,295,000 after acquiring an additional 132,467 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Up 1.1 %

NASDAQ:TRMB traded up $0.85 during mid-day trading on Tuesday, hitting $75.14. 2,383,943 shares of the company's stock were exchanged, compared to its average volume of 1,273,998. 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 1.16 and a quick ratio of 1.07. The business has a fifty day moving average price of $73.34 and a 200 day moving average price of $66.01. The company has a market cap of $18.47 billion, a PE ratio of 12.57, a P/E/G ratio of 3.14 and a beta of 1.53.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated 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 transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRMB shares. StockNews.com upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Oppenheimer lifted their target price on shares of Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $84.86.

About Trimble

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.