Trimble Inc. (NASDAQ:TRMB) Stock Holdings Boosted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 220.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,371 shares of the scientific and technical instruments company's stock after buying an additional 12,642 shares during the period. Tower Research Capital LLC TRC's holdings in Trimble were worth $1,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. KBC Group NV lifted its holdings in shares of 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 valued at $11,279,000 after acquiring an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 worth $26,560,000 after buying an additional 17,785 shares during the period. Wellington Management Group LLP grew its stake in shares of Trimble by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock valued at $1,580,000 after buying an additional 5,472 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Trimble during the 4th quarter valued at about $406,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction 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 completion of the transaction, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were 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. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on TRMB shares. Oppenheimer increased their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, 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. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trimble currently has a consensus rating of "Buy" and an average price target of $86.00.

Trimble Stock Up 0.1 %

TRMB stock traded up $0.06 during mid-day trading on Tuesday, hitting $61.51. 223,618 shares of the company were exchanged, compared to its average volume of 1,571,453. The firm has a fifty day simple moving average of $65.04 and a 200 day simple moving average of $68.89. The company has a market capitalization of $15.12 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

About Trimble

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.