Legal & General Group Plc Sells 517,661 Shares of Trimble Inc. (NASDAQ:TRMB)

Legal & General Group Plc lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 21.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,850,232 shares of the scientific and technical instruments company’s stock after selling 517,661 shares during the quarter. Legal & General Group Plc owned approximately 0.75% of Trimble worth $130,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new position in shares of Trimble during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the 4th quarter valued at approximately $36,000. TD Private Client Wealth LLC lifted its stake in shares of 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 boosted its holdings in shares of Trimble by 164.8% in 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 period. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Activity at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,421 shares of company stock worth $831,683. Company insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $58.04 on Friday. 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 stock has a market cap of $14.27 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The firm has a 50-day moving average of $68.70 and a two-hundred day moving average of $69.03. 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.