Trimble Inc. (NASDAQ:TRMB) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,072 shares of the scientific and technical instruments company’s stock after selling 1,215 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Trimble were worth $5,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV boosted its holdings in Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock worth $11,279,000 after acquiring an additional 71,891 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Trimble by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after purchasing an additional 60,752 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after purchasing an additional 136,452 shares in the last quarter. Benjamin Edwards Inc. grew its position in Trimble by 76.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after purchasing an additional 17,424 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after purchasing an additional 132,467 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TRMB shares. Sanford C. Bernstein lifted their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Wolfe Research raised 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. Finally, Robert W. Baird increased their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $84.86.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.47% of the company’s stock.

Trimble Stock Down 0.7 %

Shares of TRMB opened at $73.83 on Wednesday. The stock’s 50-day moving average price is $73.41 and its 200-day moving average price is $65.28. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 3.14 and a beta of 1.53. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

About Trimble

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.