Grandfield & Dodd LLC Has $27.98 Million Position in Trimble Inc. (NASDAQ:TRMB)

Grandfield & Dodd LLC lessened its position in Trimble Inc. (NASDAQ:TRMB) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,007 shares of the scientific and technical instruments company’s stock after selling 755 shares during the quarter. Trimble comprises about 1.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 21st biggest position. Grandfield & Dodd LLC’s holdings in Trimble were worth $27,982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRMB. International Assets Investment Management LLC raised its stake in shares of Trimble by 6,109.0% in the third quarter. International Assets Investment Management LLC now owns 16,578 shares of the scientific and technical instruments company’s stock valued at $1,029,000 after purchasing an additional 16,311 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Trimble by 185.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,552 shares of the scientific and technical instruments company’s stock worth $1,897,000 after acquiring an additional 19,850 shares during the period. Harbor Capital Advisors Inc. increased its stake in Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 237 shares during the period. National Pension Service raised its position in Trimble by 13,597.7% in the third quarter. National Pension Service now owns 23,971 shares of the scientific and technical instruments company’s stock worth $1,488,000 after purchasing an additional 23,796 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of 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 buying an additional 434,065 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction on 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 sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last 90 days. 0.47% of the stock is owned by insiders.

Trimble Price Performance

Shares of TRMB opened at $71.98 on Monday. The stock has a market cap of $17.69 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock’s 50-day moving average price is $73.22 and its two-hundred day moving average price is $67.16. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TRMB shares. 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 research report on Thursday, February 20th. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Wolfe Research upgraded 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. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $86.00.

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.