FIL Ltd Sells 51,996 Shares of Trimble Inc. (NASDAQ:TRMB)

FIL Ltd trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,388,580 shares of the scientific and technical instruments company's stock after selling 51,996 shares during the quarter. FIL Ltd owned 1.79% of Trimble worth $310,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of TRMB. KBC Group NV grew its position in Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after acquiring an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after purchasing an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Trimble by 5.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock valued at $26,560,000 after buying an additional 17,785 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Trimble in the fourth quarter valued at about $406,000. Finally, Simon Quick Advisors LLC lifted its position in Trimble by 34.1% during the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company's stock worth $963,000 after buying an additional 3,465 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Oppenheimer lifted their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Trimble presently has a consensus rating of "Buy" and a consensus target price of $86.00.

Trimble Trading Up 0.3 %

Trimble stock traded up $0.18 during midday trading on Friday, hitting $58.22. 1,759,055 shares of the stock were exchanged, compared to its average volume of 1,394,491. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $14.31 billion, a PE ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $69.09.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction dated 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 directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

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.