Primecap Management Co. CA Has $312.68 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Primecap Management Co. CA decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,425,156 shares of the scientific and technical instruments company’s stock after selling 103,510 shares during the period. Primecap Management Co. CA’s holdings in Trimble were worth $312,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the 4th quarter worth about $36,000. TD Private Client Wealth LLC lifted its position in Trimble by 722.2% during 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 in the last quarter. Larson Financial Group LLC lifted its position 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 worth $48,000 after buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Trimble during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TRMB shares. Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Finally, 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 research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Price Performance

NASDAQ TRMB opened at $70.25 on Tuesday. The business has a 50 day simple moving average of $72.60 and a 200 day simple moving average of $68.11. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.09 and a beta of 1.57.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by corporate insiders.

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.