UniSuper Management Pty Ltd Increases Stock Position in Trimble Inc. (NASDAQ:TRMB)

UniSuper Management Pty Ltd grew its stake in Trimble Inc. (NASDAQ:TRMB) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,520 shares of the scientific and technical instruments company’s stock after buying an additional 1,248 shares during the period. UniSuper Management Pty Ltd’s holdings in Trimble were worth $2,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new position in Trimble during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Trimble in the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble in the fourth quarter worth $36,000. TD Private Client Wealth LLC increased its holdings in shares of Trimble by 722.2% in 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 buying an additional 520 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% in 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 during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the business’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 value of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRMB has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has issued 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.

Trimble Price Performance

Shares of TRMB stock opened at $65.52 on Monday. The business’s fifty day moving average is $72.15 and its 200 day moving average is $69.03. 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 stock has a market cap of $16.10 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

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.