Trimble Inc. (NASDAQ:TRMB) is Contour Asset Management LLC's Largest Position

Contour Asset Management LLC lifted its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,681,182 shares of the scientific and technical instruments company's stock after purchasing an additional 197,913 shares during the period. Trimble accounts for about 9.6% of Contour Asset Management LLC's holdings, making the stock its biggest position. Contour Asset Management LLC owned approximately 1.90% of Trimble worth $330,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new position in shares of Trimble in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble during the 4th quarter worth $36,000. Larson Financial Group LLC boosted its holdings 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 worth $48,000 after buying an additional 422 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Trimble during the fourth quarter valued at about $49,000. 93.21% of the stock is owned by institutional investors.

Insider Activity at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on TRMB shares. 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 report on Thursday, February 20th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Trimble presently has a consensus rating of "Buy" and a consensus price target of $86.00.

Trimble Stock Down 1.2 %

Shares of NASDAQ TRMB opened at $63.32 on Wednesday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a market cap of $15.11 billion, a P/E ratio of 10.40, a P/E/G ratio of 3.09 and a beta of 1.67. 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 business has a 50-day simple moving average of $64.03 and a two-hundred day simple moving average of $68.89.

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.

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