2 weeks Ago By ABMN Staff
Federated Hermes Inc. lessened its position in shares of Trimble Inc. ( NASDAQ:TRMB – Free Report ) by 41.
9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,232 shares of the scientific and technical instruments company’s stock after selling 2,335 shares during the period.
Federated Hermes Inc.’s holdings in Trimble were worth $228,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company.
Peapack Gladstone Financial Corp grew its position in Trimble by 14.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 4,883 shares of the scientific and technical instruments company’s stock worth $345,000 after buying an additional 613 shares in the last quarter.
Russell Investments Group Ltd. raised its stake in Trimble by 40.9% in the fourth quarter.
Russell Investments Group Ltd. now owns 298,749 shares of the scientific and technical instruments company’s stock valued at $21,103,000 after purchasing an additional 86,752 shares in the last quarter. Envestnet Asset Management Inc.
lifted its position in Trimble by 35.1% during the fourth quarter. Envestnet Asset Management Inc.
now owns 273,015 shares of the scientific and technical instruments company’s stock valued at $19,291,000 after purchasing an additional 70,928 shares during the last quarter. Resona Asset Management Co. Ltd.
bought a new position in shares of Trimble in the 4th quarter worth $5,237,000. Finally, Wells Fargo & Company MN raised its position in Trimble by 0.4% during the fourth quarter.
Wells Fargo & Company MN now owns 414,808 shares of the scientific and technical instruments company’s stock valued at $29,310,000 after purchasing an additional 1,842 shares in the last quarter. 93.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets A number of brokerages have recently weighed in on TRMB. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd.
Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th.
Finally, Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.
According to MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus price target of $86.00. Insider Buying and Selling In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th.
The stock was sold at an average price of $71.79, for a total transaction of $153,702.39.
Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.
40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, VP Christopher F.
Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.
00. The disclosure for this sale can be found here . 0.
47% of the stock is owned by company insiders. Trimble Price Performance TRMB opened at $58.23 on Friday.
Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.
78. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 9.
56, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.
The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.
24. The stock has a fifty day simple moving average of $66.79 and a two-hundred day simple moving average of $68.
89. Trimble Company Profile ( Free Report ) 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.
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