Candriam S.C.A. Sells 146,127 Shares of Trimble Inc. (NASDAQ:TRMB)

Candriam S.C.A. trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 14.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 896,087 shares of the scientific and technical instruments company’s stock after selling 146,127 shares during the period. Candriam S.C.A.’s holdings in Trimble were worth $63,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Trimble in the 4th quarter valued at about $36,000. TD Private Client Wealth LLC increased its holdings 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 in the last quarter. Friedenthal Financial bought a new stake in Trimble during the 4th quarter worth approximately $49,000. Mather Group LLC. increased its holdings in Trimble by 86.4% during the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 343 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter worth approximately $49,000. 93.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer boosted their price objective on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. 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. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has an average rating of “Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction 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 sale, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock worth $831,683 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $69.49 on Thursday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $73.12 and its 200 day simple moving average is $67.37. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 3.09 and a beta of 1.53.

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.