Royal London Asset Management Ltd. Buys 1,456 Shares of Trimble Inc. (NASDAQ:TRMB)

Royal London Asset Management Ltd. raised its position in Trimble Inc. (NASDAQ:TRMB) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,868 shares of the scientific and technical instruments company’s stock after buying an additional 1,456 shares during the period. Royal London Asset Management Ltd.’s holdings in Trimble were worth $7,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRMB. Rialto Wealth Management LLC acquired a new position in shares of Trimble during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble in the fourth quarter valued at about $36,000. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. Larson Financial Group LLC increased its position in shares of Trimble by 164.8% in 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 buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Trimble in the fourth quarter worth about $49,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Down 0.2 %

Shares of NASDAQ:TRMB opened at $70.54 on Monday. The company’s 50-day moving average price is $72.52 and its two-hundred day moving average price is $68.53. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market capitalization of $17.34 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Sanford C. Bernstein raised their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Wolfe Research upgraded 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $86.00.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the 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 sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,421 shares of company stock valued at $831,683. 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.