Tredje AP fonden Has $14.36 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Tredje AP fonden increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 425.1% in the fourth quarter, Holdings Channel reports. The firm owned 203,253 shares of the scientific and technical instruments company’s stock after buying an additional 164,548 shares during the quarter. Tredje AP fonden’s holdings in Trimble were worth $14,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Impax Asset Management Group plc boosted its position in Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares during the last quarter. Principal Financial Group Inc. boosted its position in Trimble by 18.4% during the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after acquiring an additional 60,752 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Trimble by 7.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,071 shares of the scientific and technical instruments company’s stock worth $1,122,000 after acquiring an additional 1,257 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Trimble during the 3rd quarter worth approximately $210,000. Finally, GSA Capital Partners LLP boosted its position in Trimble by 27.1% during the 3rd quarter. GSA Capital Partners LLP now owns 10,477 shares of the scientific and technical instruments company’s stock worth $651,000 after acquiring an additional 2,231 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 1.4 %

TRMB opened at $66.39 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $72.71 and a 200-day moving average of $67.78. The stock has a market cap of $16.32 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TRMB shares. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $86.00.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction 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 sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last three months. 0.47% of the stock is owned by company insiders.

About Trimble

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.