Swedbank AB Sells 1,958 Shares of Trimble Inc. (NASDAQ:TRMB)

Swedbank AB decreased its position in Trimble Inc. (NASDAQ:TRMB) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,575 shares of the scientific and technical instruments company’s stock after selling 1,958 shares during the quarter. Swedbank AB owned approximately 0.11% of Trimble worth $16,986,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new position in Trimble during the first quarter valued at $354,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Trimble by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,742 shares of the scientific and technical instruments company’s stock valued at $22,189,000 after buying an additional 5,076 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Trimble by 4.8% in the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after acquiring an additional 204 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Trimble by 26.6% in the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock worth $3,845,000 after purchasing an additional 12,555 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Trimble by 18.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock valued at $304,000 after acquiring an additional 725 shares during the period. 93.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Price Performance

Shares of TRMB opened at $72.37 on Wednesday. The business’s 50-day moving average is $63.95 and its two-hundred day moving average is $58.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market capitalization of $17.67 billion, a P/E ratio of 12.10, a P/E/G ratio of 3.09 and a beta of 1.49. Trimble Inc. has a fifty-two week low of $43.70 and a fifty-two week high of $74.22.

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.