Vontobel Holding Ltd. Has $81.57 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Vontobel Holding Ltd. reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,533,243 shares of the scientific and technical instruments company's stock after selling 27,605 shares during the period. Vontobel Holding Ltd. owned about 0.62% of Trimble worth $81,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC boosted its holdings in Trimble by 383.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 220,587 shares of the scientific and technical instruments company's stock worth $11,881,000 after buying an additional 174,917 shares during the period. Barclays PLC boosted its holdings in Trimble by 43.6% in the 3rd quarter. Barclays PLC now owns 580,280 shares of the scientific and technical instruments company's stock worth $31,254,000 after buying an additional 176,139 shares during the period. Raymond James & Associates boosted its holdings in Trimble by 126.1% in the 4th quarter. Raymond James & Associates now owns 133,858 shares of the scientific and technical instruments company's stock worth $7,121,000 after buying an additional 74,667 shares during the period. Comerica Bank bought a new position in Trimble in the 2nd quarter worth approximately $4,647,000. Finally, Ameriprise Financial Inc. boosted its holdings in Trimble by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,321,336 shares of the scientific and technical instruments company's stock worth $178,887,000 after buying an additional 95,588 shares during the period. 93.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the transaction, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $62.93, for a total value of $220,255.00. Following the transaction, the chief executive officer now owns 187,055 shares in the company, valued at $11,771,371.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the transaction, the chief executive officer now owns 239,901 shares in the company, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Insiders sold 15,146 shares of company stock valued at $913,634 over the last three months. Insiders own 0.61% of the company's stock.

Trimble Price Performance

Shares of NASDAQ TRMB traded down $1.49 during mid-day trading on Friday, reaching $60.54. 1,030,455 shares of the company were exchanged, compared to its average volume of 1,474,450. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $65.55. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14.87 billion, a PE ratio of 48.43, a PEG ratio of 2.71 and a beta of 1.50. The company's 50 day moving average price is $60.90 and its 200 day moving average price is $53.04.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRMB. Oppenheimer increased their target price on shares of Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Piper Sandler reiterated an "overweight" rating and issued a $73.00 target price on shares of Trimble in a research note on Tuesday, April 2nd. Robert W. Baird increased their target price on shares of Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. Finally, StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.83.

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.