Mn Services Vermogensbeheer B.V. Increases Stake in Trimble Inc. (NASDAQ:TRMB)

Mn Services Vermogensbeheer B.V. boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,866 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Trimble were worth $7,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp grew its holdings in Trimble by 4.4% during the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock worth $290,000 after acquiring an additional 172 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Trimble by 5.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock worth $253,000 after acquiring an additional 188 shares in the last quarter. Empowered Funds LLC grew its holdings in Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 193 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Trimble by 4.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after acquiring an additional 237 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in Trimble by 1.2% during the 4th quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company’s stock worth $1,452,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Monday, December 16th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Finally, Oppenheimer upped their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and a consensus target price of $86.00.

Trimble Stock Up 1.8 %

Shares of NASDAQ:TRMB opened at $71.98 on Friday. The stock has a market cap of $17.69 billion, a P/E ratio of 11.82, a P/E/G ratio of 3.09 and a beta of 1.53. The firm has a fifty day moving average price of $73.22 and a 200 day moving average price of $66.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last 90 days. Company insiders own 0.47% of the company’s stock.

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.