Loomis Sayles & Co. L P Has $32.97 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Loomis Sayles & Co. L P cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466,630 shares of the scientific and technical instruments company’s stock after selling 14,520 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Trimble were worth $32,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its stake in shares of Trimble by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after purchasing an additional 141 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Trimble by 0.5% in the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock valued at $2,017,000 after buying an additional 141 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Trimble by 12.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock worth $93,000 after buying an additional 149 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Trimble by 1.6% during the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock worth $717,000 after buying an additional 156 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its stake in shares of Trimble by 4.4% in the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insiders Place Their Bets

In other news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the business’s 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 transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,421 shares of company stock worth $831,683. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wolfe Research upgraded 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. Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Trading Down 1.4 %

TRMB opened at $67.98 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a fifty day moving average of $72.34 and a 200-day moving average of $68.76. The stock has a market cap of $16.71 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

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.