Trimble Inc. (NASDAQ:TRMB) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 81.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,622 shares of the scientific and technical instruments company’s stock after buying an additional 71,891 shares during the quarter. KBC Group NV owned approximately 0.06% of Trimble worth $11,279,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Trimble during the third quarter worth $49,000. Friedenthal Financial purchased a new position in Trimble in the fourth quarter valued at $49,000. Cromwell Holdings LLC raised its stake in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the 3rd quarter worth about $76,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.

Trimble Price Performance

Trimble stock opened at $74.77 on Thursday. The stock has a market capitalization of $18.38 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The business has a 50 day simple moving average of $73.05 and a 200-day simple moving average of $64.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Sanford C. Bernstein raised their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer increased their target price on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus price target of $84.86.

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.