Russell Investments Group Ltd. Buys 86,752 Shares of Trimble Inc. (NASDAQ:TRMB)

Russell Investments Group Ltd. grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,749 shares of the scientific and technical instruments company’s stock after acquiring an additional 86,752 shares during the period. Russell Investments Group Ltd. owned 0.12% of Trimble worth $21,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRMB. KBC Group NV increased its position in shares of Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock worth $11,279,000 after purchasing an additional 71,891 shares during the period. JPMorgan Chase & Co. increased its holdings in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after buying an additional 136,452 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Trimble by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company’s stock valued at $26,560,000 after buying an additional 17,785 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Trimble during the 4th quarter worth approximately $406,000. Finally, Simon Quick Advisors LLC boosted its position in shares of Trimble by 34.1% during the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company’s stock worth $963,000 after acquiring an additional 3,465 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRMB. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Cfra raised shares of 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. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $86.00.

Trimble Stock Performance

NASDAQ TRMB opened at $61.49 on Thursday. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The stock has a fifty day simple moving average of $69.02 and a 200 day simple moving average of $69.04.

Insider Activity

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on 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 is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,421 shares of company stock valued at $831,683. Company insiders own 0.47% of the company’s stock.

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.