Blair William & Co. IL Cuts Holdings in Trimble Inc. (NASDAQ:TRMB)

Blair William & Co. IL cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,648 shares of the scientific and technical instruments company’s stock after selling 4,483 shares during the quarter. Blair William & Co. IL owned about 0.07% of Trimble worth $12,199,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Crowley Wealth Management Inc. acquired a new stake in Trimble during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble in the 4th quarter valued at $36,000. TD Private Client Wealth LLC lifted its holdings in shares of 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 valued at $37,000 after acquiring an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in 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 in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Performance

Shares of Trimble stock opened at $65.52 on Friday. The firm has a market cap of $16.10 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The firm’s 50-day simple moving average is $72.15 and its 200-day simple moving average is $68.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the company’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 transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of Trimble 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 completion of the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last quarter. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler restated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Cfra upgraded shares of 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and an average target price of $86.00.

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.