Trimble Inc. (NASDAQ:TRMB) Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 467,225 shares of the scientific and technical instruments company's stock after acquiring an additional 20,163 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Trimble worth $33,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after buying an additional 183,150 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Trimble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after acquiring an additional 138,136 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Trimble by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after purchasing an additional 222,679 shares during the last quarter. Boston Partners raised its position in Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the period. Finally, Norges Bank acquired a new position in Trimble during the fourth quarter worth $190,391,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

Trimble Trading Up 0.7 %

NASDAQ TRMB traded up $0.43 during trading hours on Thursday, hitting $62.57. 325,178 shares of the company's stock were exchanged, compared to its average volume of 1,568,898. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market capitalization of $14.93 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business's 50 day moving average is $64.63 and its 200-day moving average is $68.79. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Oppenheimer upped their target price 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. Finally, StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus target price of $86.00.

Trimble Company 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.