Sepio Capital LP Sells 994 Shares of Trimble Inc. (NASDAQ:TRMB)

Sepio Capital LP lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,058 shares of the scientific and technical instruments company’s stock after selling 994 shares during the period. Sepio Capital LP’s holdings in Trimble were worth $1,841,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Trimble during the 4th quarter worth approximately $190,391,000. Boston Partners boosted its holdings in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after acquiring an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Trimble in the fourth quarter valued at approximately $50,041,000. JPMorgan Chase & Co. increased its stake in shares of Trimble by 69.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock worth $89,837,000 after purchasing an additional 520,980 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Trimble by 1,064.6% during the 4th quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company’s stock worth $32,257,000 after purchasing an additional 417,313 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRMB. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Finally, Robert W. Baird lifted their price target on shares of 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of Trimble stock opened at $56.51 on Friday. The company has a 50 day moving average of $70.76 and a 200-day moving average of $69.14. The company has a market cap of $13.89 billion, a PE ratio of 9.28, a price-to-earnings-growth 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 1-year low of $48.65 and a 1-year high of $77.78.

Insiders Place Their Bets

In related news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred 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 directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on 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 sold 11,421 shares of company stock worth $831,683 over the last three months. Insiders own 0.47% of the company’s stock.

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.