Mitsubishi UFJ Asset Management Co. Ltd. Has $26.56 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 376,368 shares of the scientific and technical instruments company’s stock after buying an additional 17,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Trimble worth $26,560,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRMB. Crowley Wealth Management Inc. bought a new stake in Trimble during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of Trimble during the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the fourth quarter worth $36,000. TD Private Client Wealth LLC increased its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC raised its position in Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 422 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Trading Down 3.6 %

NASDAQ:TRMB opened at $65.52 on Monday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.09 and a beta of 1.57. The firm has a fifty day simple moving average of $72.15 and a two-hundred day simple moving average of $69.03.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last three months. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRMB shares. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein lifted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight 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 data from MarketBeat.com, the company currently 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.