Amundi Has $112.30 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Amundi lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 30.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,558,440 shares of the scientific and technical instruments company’s stock after selling 690,611 shares during the quarter. Amundi owned 0.63% of Trimble worth $112,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Impax Asset Management Group plc grew its holdings in Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after buying an additional 434,065 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Trimble by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Trimble by 7.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,071 shares of the scientific and technical instruments company’s stock valued at $1,122,000 after buying an additional 1,257 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in Trimble by 11.8% in the 3rd quarter. Meixler Investment Management Ltd. now owns 19,337 shares of the scientific and technical instruments company’s stock valued at $1,201,000 after buying an additional 2,034 shares during the last quarter. Finally, Weil Company Inc. grew its holdings in Trimble by 52.4% in the 3rd quarter. Weil Company Inc. now owns 28,315 shares of the scientific and technical instruments company’s stock valued at $1,758,000 after buying an additional 9,739 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $66.51 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market capitalization of $16.35 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The business has a 50 day simple moving average of $72.86 and a 200 day simple moving average of $67.71.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction 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 completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value 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 approximately $235,985.75. The trade was a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 in the last 90 days. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research reports. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Eight 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, the company has an average rating of “Buy” and an average 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.