ING Groep NV Cuts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

ING Groep NV lessened its position in Trimble Inc. (NASDAQ:TRMB) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,191 shares of the scientific and technical instruments company’s stock after selling 1,470 shares during the quarter. ING Groep NV’s holdings in Trimble were worth $2,204,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Thursday. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Sanford C. Bernstein boosted their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler restated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Trimble presently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Down 2.4 %

Shares of NASDAQ:TRMB opened at $71.47 on Friday. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The business has a 50-day moving average price of $73.30 and a 200 day moving average price of $66.38. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction that occurred 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 represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

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.