Sentry Investment Management LLC Has $54,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Sentry Investment Management LLC decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 37.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763 shares of the scientific and technical instruments company’s stock after selling 461 shares during the quarter. Sentry Investment Management LLC’s holdings in Trimble were worth $54,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ieq Capital LLC boosted its stake in shares of Trimble by 77.9% in the 4th quarter. Ieq Capital LLC now owns 43,223 shares of the scientific and technical instruments company’s stock valued at $3,054,000 after purchasing an additional 18,921 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its holdings in Trimble by 1,000.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 53,902 shares of the scientific and technical instruments company’s stock valued at $3,809,000 after purchasing an additional 49,002 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in Trimble during the fourth quarter worth about $50,041,000. Venturi Wealth Management LLC increased its holdings in shares of Trimble by 229.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,408 shares of the scientific and technical instruments company’s stock worth $99,000 after buying an additional 981 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Trimble by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 37,343 shares of the scientific and technical instruments company’s stock valued at $2,639,000 after acquiring an additional 1,632 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by insiders.

Trimble Price Performance

Shares of TRMB stock opened at $70.68 on Friday. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 12 month low of $48.65 and a 12 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 stock has a 50-day moving average price of $73.21 and a 200 day moving average price of $66.83.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TRMB shares. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Finally, Robert W. Baird boosted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.00.

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.