Trimble Inc. (NASDAQ:TRMB) Stock Position Lowered by Whittier Trust Co.

Whittier Trust Co. trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 21.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 545 shares of the scientific and technical instruments company’s stock after selling 149 shares during the period. Whittier Trust Co.’s holdings in Trimble were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRMB. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in Trimble in the 4th quarter worth about $36,000. TD Private Client Wealth LLC boosted its position 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 acquiring an additional 520 shares during the period. Larson Financial Group LLC grew its stake in Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Trimble in the 4th quarter valued at about $49,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 2.2 %

Shares of NASDAQ:TRMB opened at $72.07 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.71 billion, a PE ratio of 11.83, a P/E/G 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. The firm has a fifty day moving average price of $72.55 and a 200 day moving average price of $68.65.

Insider Transactions at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the firm’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 completion of the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research 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. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.