Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Position in Trimble Inc. (NASDAQ:TRMB)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,380 shares of the scientific and technical instruments company’s stock after selling 26,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trimble were worth $3,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SYM FINANCIAL Corp lifted its holdings in Trimble by 4.4% in the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 172 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Trimble by 5.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock worth $253,000 after purchasing an additional 188 shares during the period. Empowered Funds LLC grew its position in Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 193 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after acquiring an additional 237 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Trading Up 0.6 %

Shares of TRMB opened at $71.36 on Wednesday. The firm has a market cap of $17.54 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The company has a 50 day simple moving average of $73.20 and a two-hundred day simple moving average of $66.77.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. 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 research note on Monday, December 16th. Robert W. Baird boosted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The shares were 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 owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

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.