Rockefeller Capital Management L.P. Has $42.76 Million Position in Trimble Inc. (NASDAQ:TRMB)

Rockefeller Capital Management L.P. cut its position in Trimble Inc. (NASDAQ:TRMB) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 605,144 shares of the scientific and technical instruments company’s stock after selling 163,280 shares during the period. Rockefeller Capital Management L.P. owned about 0.25% of Trimble worth $42,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in Trimble during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Trimble in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble during the fourth quarter worth about $36,000. TD Private Client Wealth LLC lifted its holdings in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC grew its position 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 purchasing an additional 422 shares during the period. 93.21% of the stock is owned by institutional investors.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % 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 Jennifer Allison sold 3,571 shares of the firm’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 completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Finally, Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Trading Up 0.3 %

Trimble stock opened at $58.22 on Friday. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57. The firm has a 50-day moving average of $68.38 and a 200-day moving average of $69.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

About Trimble

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.