Handelsbanken Fonder AB Sells 21,706 Shares of Trimble Inc. (NASDAQ:TRMB)

Handelsbanken Fonder AB lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,052 shares of the scientific and technical instruments company’s stock after selling 21,706 shares during the period. Handelsbanken Fonder AB’s holdings in Trimble were worth $3,466,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRMB. Creative Planning lifted its holdings in shares of Trimble by 4.0% in the third quarter. Creative Planning now owns 32,827 shares of the scientific and technical instruments company’s stock valued at $2,038,000 after purchasing an additional 1,277 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Trimble by 93.9% in the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 600 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Trimble by 78.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock worth $1,783,000 after purchasing an additional 12,660 shares during the period. Sequoia Financial Advisors LLC increased its position in Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 219 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Trimble by 6,109.0% in the 3rd 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 acquiring an additional 16,311 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the firm’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 transaction, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

Trimble stock opened at $71.47 on Monday. The business has a 50 day moving average of $73.30 and a 200-day moving average of $66.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The company has a market capitalization of $17.57 billion, a P/E ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Robert W. Baird boosted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Trimble has a consensus rating of “Buy” and an average 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.