Trimble Inc. (NASDAQ:TRMB) Shares Sold by Prospector Partners LLC

Prospector Partners LLC decreased its position in Trimble Inc. (NASDAQ:TRMB) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,177 shares of the scientific and technical instruments company’s stock after selling 70,795 shares during the period. Trimble accounts for approximately 2.2% of Prospector Partners LLC’s investment portfolio, making the stock its 9th largest position. Prospector Partners LLC owned 0.12% of Trimble worth $20,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in Trimble in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in shares of Trimble in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble during the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC increased its holdings in Trimble by 722.2% in 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 purchasing an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Trimble by 164.8% in the fourth 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 during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TRMB shares. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating 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 target price for the company in a research report on Monday, December 16th. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird lifted their price objective 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, Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

NASDAQ TRMB opened at $56.51 on Friday. The company has a fifty day moving average of $70.76 and a two-hundred day moving average of $69.14. The company has a market capitalization of $13.89 billion, a PE ratio of 9.28, a P/E/G 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Insider Activity at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the 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 completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the company’s 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 sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 in the last three months. 0.47% of the stock is currently owned by company insiders.

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.