Aviva PLC Lowers Stake in Trimble Inc. (NASDAQ:TRMB)

Aviva PLC decreased its position in Trimble Inc. (NASDAQ:TRMB) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,076 shares of the scientific and technical instruments company’s stock after selling 36,804 shares during the quarter. Aviva PLC’s holdings in Trimble were worth $22,687,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Trimble in the fourth quarter valued at $190,391,000. Boston Partners grew its position in 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 valued at $239,802,000 after acquiring an additional 2,312,937 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in Trimble during the fourth quarter worth about $50,041,000. JPMorgan Chase & Co. lifted its position in shares of Trimble by 69.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock worth $89,837,000 after purchasing an additional 520,980 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company’s stock valued at $32,257,000 after purchasing an additional 417,313 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRMB shares. 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. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird boosted 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. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trimble presently has an average rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, 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 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 the business’s stock in a transaction dated 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 sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last three months. Insiders own 0.47% of the company’s stock.

Trimble Trading Down 6.3 %

TRMB opened at $56.51 on Monday. The business’s 50-day simple moving average is $70.76 and its 200-day simple moving average is $69.22. The company has a market cap of $13.89 billion, a P/E ratio of 9.28, a PEG 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 company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Trimble 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.