Rockefeller Capital Management L.P. decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 21.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,144 shares of the scientific and technical instruments company's stock after selling 163,280 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.25% of Trimble worth $42,756,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Trimble in the fourth quarter valued at approximately $190,391,000. Boston Partners raised 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 valued at $239,802,000 after acquiring an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC acquired a new stake in Trimble during the 4th quarter valued at $50,041,000. JPMorgan Chase & Co. boosted its position in Trimble by 69.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock worth $89,837,000 after purchasing an additional 520,980 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Trimble by 1,064.6% in the fourth 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 during the last quarter. Institutional investors own 93.21% of the company's stock.
Insider Activity at Trimble
In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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. 0.47% of the stock is owned by insiders.
Trimble Price Performance
Trimble stock traded down $0.05 during mid-day trading on Friday, reaching $58.23. 1,252,181 shares of the company were exchanged, compared to its average volume of 1,396,295. The company has a fifty day simple moving average of $67.11 and a 200-day simple moving average of $68.91. The firm has a market cap of $14.31 billion, a PE ratio of 9.56, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $86.00.
Check Out Our Latest Stock Analysis on Trimble
Trimble Profile
(
Free Report)
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.
Further Reading
Before you consider Trimble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trimble wasn't on the list.
While Trimble currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
