Trimble Inc. (NASDAQ:TRMB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 29,252 shares of the scientific and technical instruments company’s stock after selling 816 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trimble were worth $2,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRMB. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the period. Friedenthal Financial bought a new position in shares of Trimble during the 4th quarter valued at about $49,000. Mather Group LLC. grew its stake in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 343 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Trimble by 137.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 489 shares in the last quarter. Finally, True Wealth Design LLC lifted its stake in Trimble by 9,042.9% during the third quarter. True Wealth Design LLC now owns 1,280 shares of the scientific and technical instruments company’s stock valued at $79,000 after purchasing an additional 1,266 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Cfra upgraded 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Trading Up 2.1 %

Shares of NASDAQ TRMB opened at $69.06 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The business has a 50-day moving average price of $72.98 and a two-hundred day moving average price of $67.39. The firm has a market capitalization of $16.97 billion, a PE ratio of 11.34, a PEG ratio of 3.09 and a beta of 1.57.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on 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 sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 over the last three months. 0.47% of the stock is owned by corporate insiders.

Trimble Company 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.