Schroder Investment Management Group Boosts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Schroder Investment Management Group increased its position in Trimble Inc. (NASDAQ:TRMB) by 1,064.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 456,512 shares of the scientific and technical instruments company’s stock after acquiring an additional 417,313 shares during the period. Schroder Investment Management Group owned about 0.19% of Trimble worth $32,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new stake in shares of Trimble in the 4th quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble in the 4th quarter worth about $36,000. TD Private Client Wealth LLC raised its position in Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Trading Down 0.4 %

Trimble stock opened at $65.38 on Wednesday. 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 12-month low of $48.65 and a 12-month high of $77.78. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 3.09 and a beta of 1.57. The firm has a 50 day moving average of $71.74 and a 200 day moving average of $69.16.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last three months. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Monday, December 16th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.00.

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.