Deutsche Bank AG Has $118.01 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Deutsche Bank AG grew its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,670,116 shares of the scientific and technical instruments company's stock after acquiring an additional 179,103 shares during the period. Deutsche Bank AG owned about 0.68% of Trimble worth $118,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Trimble during the fourth quarter worth about $190,391,000. Boston Partners boosted its stake in Trimble by 217.3% in the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after purchasing an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC acquired a new stake in shares of Trimble during the 4th quarter valued at $50,041,000. JPMorgan Chase & Co. raised its holdings in shares of Trimble by 69.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock valued at $89,837,000 after purchasing an additional 520,980 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of 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 valued at $32,257,000 after purchasing an additional 417,313 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRMB shares. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday. Oppenheimer increased their price objective 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. StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $85.50.

Insider Buying and Selling at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was 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. 0.47% of the stock is currently owned by insiders.

Trimble Trading Up 0.0%

NASDAQ:TRMB traded up $0.02 during midday trading on Wednesday, reaching $71.27. 1,324,864 shares of the stock traded hands, compared to its average volume of 1,400,600. The company has a fifty day moving average of $63.96 and a 200 day moving average of $69.18. Trimble Inc. has a 12 month low of $48.65 and a 12 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 $17.00 billion, a P/E ratio of 11.70, a PEG ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $840.60 million during the quarter, compared to analysts' expectations of $810.45 million. Trimble had a net margin of 40.84% and a return on equity of 10.56%. Trimble's revenue was down 11.8% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. On average, research analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

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.