Trimble Inc. (NASDAQ:TRMB) Holdings Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in Trimble Inc. (NASDAQ:TRMB) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,659 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,303 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Trimble worth $8,879,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. grew its stake in Trimble by 0.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock worth $1,623,000 after buying an additional 141 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Trimble by 0.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock valued at $2,017,000 after acquiring an additional 141 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Trimble by 12.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 149 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Trimble by 1.6% in the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock worth $717,000 after acquiring an additional 156 shares during the period. Finally, SYM FINANCIAL Corp lifted its position in Trimble by 4.4% in the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after purchasing an additional 172 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRMB has been the topic of several analyst reports. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Wolfe Research raised shares of 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $86.00.

Insider Activity

In other news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,421 shares of company stock worth $831,683. Corporate insiders own 0.47% of the company’s stock.

Trimble Price Performance

NASDAQ:TRMB opened at $65.52 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $72.15 and its 200 day moving average price is $68.93. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The firm has a market cap of $16.10 billion, a P/E ratio of 10.76, a PEG ratio of 3.09 and a beta of 1.57.

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.