Wilkins Investment Counsel Inc. Sells 13,900 Shares of Trimble Inc. (NASDAQ:TRMB)

Wilkins Investment Counsel Inc. cut its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,550 shares of the scientific and technical instruments company's stock after selling 13,900 shares during the quarter. Wilkins Investment Counsel Inc.'s holdings in Trimble were worth $5,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of Trimble during the 4th quarter worth about $5,198,000. Royal London Asset Management Ltd. boosted its holdings in Trimble by 1.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 101,868 shares of the scientific and technical instruments company's stock valued at $7,198,000 after purchasing an additional 1,456 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Trimble in the fourth quarter worth about $113,000. Vinva Investment Management Ltd lifted its stake in Trimble by 80.4% in the 4th quarter. Vinva Investment Management Ltd now owns 9,665 shares of the scientific and technical instruments company's stock valued at $681,000 after buying an additional 4,307 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of Trimble by 1.9% in the fourth quarter. Xponance Inc. now owns 36,070 shares of the scientific and technical instruments company's stock valued at $2,549,000 after buying an additional 670 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

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Trimble Trading Up 2.2 %

Shares of NASDAQ:TRMB traded up $1.53 during midday trading on Monday, reaching $72.07. The company had a trading volume of 1,167,909 shares, compared to its average volume of 1,329,450. The company has a fifty day simple moving average of $72.55 and a two-hundred day simple moving average of $68.65. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the firm's 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 transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm'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 completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last 90 days. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded 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. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Piper Sandler restated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer raised their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Trimble from $82.00 to $85.00 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 stock. Based on data from MarketBeat.com, Trimble presently has an average rating of "Buy" and a consensus price target of $86.00.

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.