First Trust Advisors LP Lowers Stake in Trimble Inc. (NASDAQ:TRMB)

First Trust Advisors LP reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,327 shares of the scientific and technical instruments company’s stock after selling 18,138 shares during the period. First Trust Advisors LP owned 0.06% of Trimble worth $7,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRMB. Mutual of America Capital Management LLC grew its stake in shares of Trimble by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 34,298 shares of the scientific and technical instruments company’s stock worth $1,861,000 after acquiring an additional 186 shares during the period. United Capital Financial Advisers LLC lifted its holdings in shares of Trimble by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock worth $5,045,000 after buying an additional 186 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Trimble by 1.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,200 shares of the scientific and technical instruments company’s stock worth $617,000 after buying an additional 192 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Trimble by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 57,547 shares of the scientific and technical instruments company’s stock worth $3,123,000 after purchasing an additional 200 shares during the last quarter. Finally, Utah Retirement Systems increased its position in Trimble by 0.4% in the third quarter. Utah Retirement Systems now owns 44,656 shares of the scientific and technical instruments company’s stock worth $2,423,000 after purchasing an additional 200 shares during the last quarter. 89.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Trimble Stock Down 0.3 %

TRMB opened at $46.40 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $11.50 billion, a P/E ratio of 24.81, a PEG ratio of 1.69 and a beta of 1.56. Trimble Inc. has a 52 week low of $45.43 and a 52 week high of $72.24. The business’s fifty day simple moving average is $48.37 and its 200 day simple moving average is $52.49.

Analyst Ratings Changes

TRMB has been the topic of a number of research analyst reports. Piper Sandler cut their price target on shares of Trimble from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, February 9th. 888 reiterated a “maintains” rating on shares of Trimble in a report on Thursday, May 4th. Robert W. Baird dropped their price objective on shares of Trimble from $63.00 to $59.00 in a research note on Thursday, May 4th. Northcoast Research lowered Trimble from a “neutral” rating to a “sell” rating and set a $40.00 target price on the stock. in a research report on Tuesday, March 7th. Finally, Edward Jones upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Hold” and an average price target of $59.00.

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.