Handelsbanken Fonder AB Has $3.47 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Handelsbanken Fonder AB reduced its position in shares of Trimble Inc. (NASDAQ:TRMB) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,052 shares of the scientific and technical instruments company’s stock after selling 21,706 shares during the quarter. Handelsbanken Fonder AB’s holdings in Trimble were worth $3,466,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TRMB. TD Private Client Wealth LLC grew its stake in 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 acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Trimble during the 3rd quarter worth about $49,000. Friedenthal Financial acquired a new stake in shares of Trimble during the 4th quarter valued at about $49,000. Mather Group LLC. raised its position in Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Trimble in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRMB. 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. Wolfe Research upgraded shares of 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. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Trimble presently has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Stock Down 2.4 %

Shares of TRMB opened at $71.47 on Monday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53. The company has a 50-day moving average price of $73.30 and a two-hundred day moving average price of $66.49. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by insiders.

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.