Blue Trust Inc. Sells 532 Shares of Trimble Inc. (NASDAQ:TRMB)

Blue Trust Inc. cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 42.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 707 shares of the scientific and technical instruments company’s stock after selling 532 shares during the period. Blue Trust Inc.’s holdings in Trimble were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRMB. Roman Butler Fullerton & Co. bought a new position in shares of Trimble during the fourth quarter worth about $206,000. CFC Planning Co LLC acquired a new position in Trimble during the 4th quarter worth approximately $274,000. Compagnie Lombard Odier SCmA grew its stake in shares of Trimble by 29.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 255,327 shares of the scientific and technical instruments company’s stock worth $18,041,000 after acquiring an additional 58,193 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Trimble by 1.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 181,496 shares of the scientific and technical instruments company’s stock valued at $12,923,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Trimble by 34.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 38,534 shares of the scientific and technical instruments company’s stock worth $2,686,000 after purchasing an additional 9,813 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Up 0.6 %

TRMB stock opened at $71.36 on Wednesday. The firm has a market capitalization of $17.54 billion, a PE ratio of 11.72, a P/E/G ratio of 3.09 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The stock’s 50 day moving average is $73.20 and its 200-day moving average is $66.77.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRMB shares. StockNews.com upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer boosted 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. Sanford C. Bernstein upped their price objective on 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 reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.