Meiji Yasuda Asset Management Co Ltd. Sells 240 Shares of Trimble Inc. (NASDAQ:TRMB)

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of Trimble Inc. (NASDAQ:TRMB) by 6.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,502 shares of the scientific and technical instruments company’s stock after selling 240 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Trimble were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the fourth quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the fourth quarter worth about $36,000. TD Private Client Wealth LLC lifted its position in shares of Trimble by 722.2% during the third 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 in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 3.6 %

TRMB opened at $65.52 on Friday. The firm’s fifty day simple moving average is $72.15 and its 200 day simple moving average is $68.83. The stock has a market capitalization of $16.10 billion, a P/E ratio of 10.76, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 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.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research analyst reports. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. 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 research report on Wednesday, December 4th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling at Trimble

In other 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 transaction 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 Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last 90 days. 0.47% of the stock is currently owned by company 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.