Swiss National Bank decreased its holdings in Trimble Inc. (NASDAQ:TRMB – Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,800 shares of the scientific and technical instruments company’s stock after selling 27,800 shares during the period. Swiss National Bank owned about 0.40% of Trimble worth $51,309,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in shares of Trimble by 86,928.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,426,266 shares of the scientific and technical instruments company’s stock worth $223,792,000 after purchasing an additional 4,421,180 shares during the period. Morgan Stanley increased its stake in shares of Trimble by 283.9% during the fourth quarter. Morgan Stanley now owns 5,530,548 shares of the scientific and technical instruments company’s stock worth $279,625,000 after purchasing an additional 4,089,901 shares during the period. Norges Bank bought a new position in shares of Trimble during the fourth quarter worth approximately $162,931,000. Amundi increased its stake in shares of Trimble by 113.5% during the fourth quarter. Amundi now owns 2,946,710 shares of the scientific and technical instruments company’s stock worth $153,048,000 after purchasing an additional 1,566,650 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Trimble by 138.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,395,193 shares of the scientific and technical instruments company’s stock worth $121,101,000 after buying an additional 1,391,325 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on TRMB shares. Piper Sandler reissued a “neutral” rating and set a $51.00 price target on shares of Trimble in a research report on Friday, August 4th. 888 reissued a “maintains” rating on shares of Trimble in a research report on Thursday, May 4th. The Goldman Sachs Group increased their price target on Trimble from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Robert W. Baird reduced their price target on Trimble from $63.00 to $59.00 in a research report on Thursday, May 4th. Finally, StockNews.com initiated coverage on Trimble in a research report on Thursday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.71.
Trimble Trading Down 1.2 %
Shares of TRMB stock opened at $52.78 on Friday. The stock’s fifty day moving average price is $53.08 and its two-hundred day moving average price is $51.28. The company has a market cap of $13.11 billion, a PE ratio of 38.25, a P/E/G ratio of 2.45 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $45.43 and a fifty-two week high of $70.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 1.12.
Insider Activity at Trimble
In related news, CEO Robert G. Painter sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $55.00, for a total transaction of $165,000.00. Following the sale, the chief executive officer now owns 212,356 shares of the company’s stock, valued at approximately $11,679,580. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert G. Painter sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $55.00, for a total transaction of $165,000.00. Following the sale, the chief executive officer now owns 212,356 shares of the company’s stock, valued at approximately $11,679,580. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. Following the sale, the chief executive officer now directly owns 215,356 shares in the company, valued at approximately $11,413,868. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock valued at $425,775 in the last 90 days. 0.61% of the stock is owned by corporate insiders.
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 route selection and design; 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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