Trimble Inc. (NASDAQ:TRMB) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Trimble Inc. (NASDAQ:TRMB – Get Rating) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,508 shares of the scientific and technical instruments company’s stock after selling 12,302 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Trimble worth $15,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Trimble by 1.3% during the first quarter. Vanguard Group Inc. now owns 27,575,624 shares of the scientific and technical instruments company’s stock valued at $1,989,305,000 after purchasing an additional 342,426 shares during the last quarter. State Street Corp boosted its position in shares of Trimble by 0.4% during the third quarter. State Street Corp now owns 9,961,247 shares of the scientific and technical instruments company’s stock worth $540,597,000 after buying an additional 40,607 shares during the period. Impax Asset Management Group plc boosted its position in shares of Trimble by 2.5% during the third quarter. Impax Asset Management Group plc now owns 9,485,529 shares of the scientific and technical instruments company’s stock worth $514,041,000 after buying an additional 229,255 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Trimble by 9.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,922,467 shares of the scientific and technical instruments company’s stock worth $248,880,000 after buying an additional 427,840 shares during the period. Finally, King Luther Capital Management Corp boosted its position in shares of Trimble by 0.6% during the third quarter. King Luther Capital Management Corp now owns 4,083,486 shares of the scientific and technical instruments company’s stock worth $221,611,000 after buying an additional 25,718 shares during the period. 89.49% of the stock is owned by institutional investors.

Trimble Stock Down 2.2 %

TRMB stock opened at $47.53 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 1.24. Trimble Inc. has a 52-week low of $45.43 and a 52-week high of $72.24. The company has a 50-day moving average of $48.47 and a two-hundred day moving average of $52.57. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56.

Wall Street Analyst Weigh In

TRMB has been the subject of several analyst reports. 888 reiterated a “maintains” rating on shares of Trimble in a research report on Thursday, May 4th. Northcoast Research downgraded Trimble from a “neutral” rating to a “sell” rating and set a $40.00 target price for the company. in a research report on Tuesday, March 7th. Robert W. Baird cut their target price on Trimble from $63.00 to $59.00 in a research report on Thursday, May 4th. StockNews.com began coverage on Trimble in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Edward Jones upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.00.

Insider Buying and Selling at Trimble

In other Trimble news, SVP Peter Large sold 950 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total transaction of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares in the company, valued at $7,870.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Peter Large sold 950 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the transaction, the senior vice president now owns 154 shares of the company’s stock, valued at $7,870.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 1,500 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the transaction, the director now directly owns 1,936 shares of the company’s stock, valued at approximately $102,995.20. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Trimble Profile

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Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.