Trimble Inc. (NASDAQ:TRMB) Holdings Trimmed by Headlands Technologies LLC

Headlands Technologies LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,303 shares of the scientific and technical instruments company’s stock after selling 177 shares during the quarter. Headlands Technologies LLC’s holdings in Trimble were worth $163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Trimble by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock valued at $2,099,064,000 after purchasing an additional 183,150 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock valued at $425,427,000 after acquiring an additional 138,136 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after acquiring an additional 222,679 shares in the last quarter. Boston Partners grew its holdings in shares of Trimble by 217.3% in the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after acquiring an additional 2,312,937 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Trimble during the 4th quarter valued at $190,391,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMB. Wolfe Research raised 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. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Robert W. Baird increased their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trimble presently has an average rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

TRMB stock opened at $56.51 on Friday. The firm has a market cap of $13.89 billion, a PE ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57. 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 business’s 50-day moving average price is $70.76 and its two-hundred day moving average price is $69.14. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

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.