Savant Capital LLC reduced its position in Trimble Inc. (NASDAQ:TRMB – Free Report) by 88.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,319 shares of the scientific and technical instruments company’s stock after selling 25,733 shares during the quarter. Savant Capital LLC’s holdings in Trimble were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Brighton Jones LLC bought a new position in Trimble in the fourth quarter worth $211,000. Empowered Funds LLC lifted its position in Trimble by 9.5% in the first quarter. Empowered Funds LLC now owns 7,023 shares of the scientific and technical instruments company’s stock worth $461,000 after purchasing an additional 607 shares during the period. Woodline Partners LP lifted its position in Trimble by 41.6% in the first quarter. Woodline Partners LP now owns 20,766 shares of the scientific and technical instruments company’s stock worth $1,363,000 after purchasing an additional 6,100 shares during the period. Sivia Capital Partners LLC bought a new position in Trimble in the second quarter worth $208,000. Finally, Marshall Wace LLP lifted its position in Trimble by 31.8% in the second quarter. Marshall Wace LLP now owns 113,500 shares of the scientific and technical instruments company’s stock worth $8,624,000 after purchasing an additional 27,374 shares during the period. 93.21% of the stock is owned by institutional investors.
Trimble Stock Performance
Shares of NASDAQ:TRMB opened at $54.19 on Friday. Trimble Inc. has a twelve month low of $52.80 and a twelve month high of $87.50. The firm has a market cap of $12.63 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 1.01. The business has a fifty day moving average of $61.94 and a 200-day moving average of $69.53.
Analysts Set New Price Targets
TRMB has been the subject of a number of analyst reports. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings cut Trimble from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Barclays cut their price objective on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Zacks Research cut Trimble from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Oppenheimer cut their price objective on Trimble from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.33.
Read Our Latest Research Report on TRMB
Insider Transactions at Trimble
In related news, VP Mark David Schwartz sold 16,725 shares of Trimble stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $67.01, for a total value of $1,120,742.25. Following the completion of the sale, the vice president directly owned 19,668 shares in the company, valued at $1,317,952.68. This trade represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert G. Painter sold 7,500 shares of Trimble stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $66.94, for a total value of $502,050.00. Following the completion of the sale, the chief executive officer owned 11,897 shares of the company’s stock, valued at approximately $796,385.18. The trade was a 38.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 31,725 shares of company stock valued at $2,151,167. Corporate insiders own 0.59% of the company’s stock.
Trimble Profile
Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.
Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.
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