Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,360 shares of the scientific and technical instruments company's stock after purchasing an additional 5,472 shares during the quarter. Wellington Management Group LLP's holdings in Trimble were worth $1,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. KBC Group NV increased its position in Trimble by 81.9% during 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 last quarter. JPMorgan Chase & Co. grew its holdings in Trimble by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after purchasing an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Trimble by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after purchasing an additional 17,785 shares during the period. Oak Thistle LLC bought a new stake in Trimble in the fourth quarter worth about $406,000. Finally, Simon Quick Advisors LLC boosted its position in shares of Trimble by 34.1% during the fourth quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company's stock valued at $963,000 after buying an additional 3,465 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Stock Up 0.2 %

Shares of TRMB stock traded up $0.10 during mid-day trading on Tuesday, hitting $59.59. 994,844 shares of the stock traded hands, compared to its average volume of 1,393,639. The stock's fifty day moving average is $67.75 and its two-hundred day moving average is $69.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The stock has a market cap of $14.65 billion, a P/E ratio of 9.78, a P/E/G ratio of 3.09 and a beta of 1.57.

Insider Buying and Selling at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the company's 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 $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last three months. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus 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.