Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Tredje AP fonden

Tredje AP fonden lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 425.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,253 shares of the scientific and technical instruments company’s stock after acquiring an additional 164,548 shares during the period. Tredje AP fonden owned 0.08% of Trimble worth $14,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Impax Asset Management Group plc grew its position in Trimble by 18.7% in the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after purchasing an additional 60,752 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Trimble by 7.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,071 shares of the scientific and technical instruments company’s stock worth $1,122,000 after acquiring an additional 1,257 shares during the period. Apollon Wealth Management LLC bought a new position in Trimble in the 3rd quarter worth about $210,000. Finally, GSA Capital Partners LLP grew its position in Trimble by 27.1% in the 3rd quarter. GSA Capital Partners LLP now owns 10,477 shares of the scientific and technical instruments company’s stock worth $651,000 after purchasing an additional 2,231 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRMB shares. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. 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 research report on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the 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 completion of the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

NASDAQ TRMB opened at $66.39 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market capitalization of $16.32 billion, a PE ratio of 10.90, a P/E/G ratio of 3.09 and a beta of 1.57. The stock has a 50-day simple moving average of $72.71 and a 200 day simple moving average of $67.78.

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.