ArrowMark Colorado Holdings LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,496,151 shares of the scientific and technical instruments company's stock after selling 758,656 shares during the quarter. Trimble makes up about 2.4% of ArrowMark Colorado Holdings LLC's investment portfolio, making the stock its 4th largest position. ArrowMark Colorado Holdings LLC owned approximately 1.02% of Trimble worth $176,378,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Crowley Wealth Management Inc. acquired a new position in Trimble during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Trimble during the fourth quarter valued at about $36,000. Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Trimble in the 4th quarter worth approximately $49,000. Institutional investors own 93.21% of the company's stock.
Trimble Stock Performance
Shares of TRMB stock traded down $0.77 on Tuesday, hitting $63.32. The company had a trading volume of 1,216,249 shares, compared to its average volume of 1,386,553. Trimble Inc. has a twelve month low of $48.65 and a twelve month 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 firm has a market cap of $15.11 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 3.09 and a beta of 1.67. The company has a 50-day moving average price of $64.18 and a 200-day moving average price of $68.93.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Cfra raised 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $86.00.
Check Out Our Latest Report on TRMB
Insider Activity at Trimble
In related news, VP Christopher F. Keating sold 5,709 shares of the company's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.
Trimble Company Profile
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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.
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