Sumitomo Mitsui DS Asset Management Company Ltd Has $7.80 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,313 shares of the scientific and technical instruments company’s stock after selling 139 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Trimble were worth $7,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Trimble in the 3rd quarter valued at $49,000. Friedenthal Financial acquired a new stake in shares of Trimble in the 4th quarter valued at $49,000. Cromwell Holdings LLC raised its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Shares of TRMB stock opened at $74.36 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a fifty day moving average of $73.39 and a 200-day moving average of $64.89. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 3.12 and a beta of 1.53.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRMB. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Oppenheimer increased their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $84.86.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the firm’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 sale, the vice president now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.