Wellington Management Group LLP Raises Stake in Trimble Inc. (NASDAQ:TRMB)

Wellington Management Group LLP grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,360 shares of the scientific and technical instruments company's stock after purchasing an additional 5,472 shares during the quarter. Wellington Management Group LLP's holdings in Trimble were worth $1,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV increased its stake in 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 worth $11,279,000 after buying an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trimble by 22.2% in 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 acquiring an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Trimble by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock valued at $26,560,000 after purchasing an additional 17,785 shares during the last quarter. Oak Thistle LLC acquired a new stake in Trimble during the 4th quarter worth $406,000. Finally, Simon Quick Advisors LLC boosted its stake in Trimble by 34.1% during the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company's stock worth $963,000 after purchasing an additional 3,465 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Trading Down 0.1 %

TRMB stock traded down $0.05 during midday trading on Friday, hitting $58.23. 1,252,181 shares of the company's stock were exchanged, compared to its average volume of 1,398,256. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The business has a 50-day simple moving average of $66.79 and a two-hundred day simple moving average of $68.89. The stock has a market capitalization of $14.31 billion, a PE ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company's stock, valued at $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

TRMB has been the topic of several research reports. StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer increased their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. 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 report on Thursday, February 20th. 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, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

Trimble 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.