KLP Kapitalforvaltning AS Purchases Shares of 145,276 Trimble Inc. (NASDAQ:TRMB)

KLP Kapitalforvaltning AS acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 145,276 shares of the scientific and technical instruments company’s stock, valued at approximately $10,265,000. KLP Kapitalforvaltning AS owned 0.06% of Trimble at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRMB. Empowered Funds LLC grew its position in Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 193 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Trimble by 21.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock worth $2,026,000 after acquiring an additional 5,660 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Trimble during the 3rd quarter valued at about $194,000. Intech Investment Management LLC raised its holdings in Trimble by 10.2% in the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock worth $329,000 after purchasing an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after purchasing an additional 676,954 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TRMB shares. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Sanford C. Bernstein lifted their target price 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. Cfra raised 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, February 20th. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded 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 report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

NASDAQ TRMB opened at $72.07 on Tuesday. 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 stock’s fifty day moving average is $72.55 and its two-hundred day moving average is $68.65. The firm has a market capitalization of $17.71 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated 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 $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by insiders.

About Trimble

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.