Trimble Inc. (NASDAQ:TRMB) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. cut its position in Trimble Inc. (NASDAQ:TRMB) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,595 shares of the scientific and technical instruments company’s stock after selling 1,033 shares during the quarter. DF Dent & Co. Inc.’s holdings in Trimble were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble during the 4th quarter worth $36,000. TD Private Client Wealth LLC grew 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 purchasing an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last three months. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Oppenheimer upped their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Finally, Sanford C. Bernstein raised their target price 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. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $86.00.

Trimble Trading Down 9.4 %

Shares of Trimble stock opened at $60.28 on Friday. The business has a 50 day moving average price of $71.18 and a 200 day moving average price of $69.08. The company has a market capitalization of $14.82 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.09 and a beta of 1.57. 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.

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.