Swiss National Bank Sells 33,200 Shares of Trimble Inc. (NASDAQ:TRMB)

Swiss National Bank cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 689,900 shares of the scientific and technical instruments company’s stock after selling 33,200 shares during the period. Swiss National Bank’s holdings in Trimble were worth $48,748,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Trimble during the fourth quarter valued at about $1,057,000. EverSource Wealth Advisors LLC boosted its holdings in Trimble by 13.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,261 shares of the scientific and technical instruments company’s stock valued at $160,000 after acquiring an additional 262 shares during the period. HighTower Advisors LLC boosted its holdings in Trimble by 17.9% during the fourth quarter. HighTower Advisors LLC now owns 47,216 shares of the scientific and technical instruments company’s stock valued at $3,336,000 after acquiring an additional 7,152 shares during the period. Natural Investments LLC bought a new stake in Trimble during the fourth quarter valued at about $292,000. Finally, AGF Management Ltd. boosted its holdings in Trimble by 768.7% during the fourth quarter. AGF Management Ltd. now owns 83,990 shares of the scientific and technical instruments company’s stock valued at $5,935,000 after acquiring an additional 74,321 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Insider Transactions at Trimble

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $69.39 on Monday. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $17.06 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The firm has a 50-day moving average price of $72.62 and a 200 day moving average price of $68.02.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Finally, Robert W. Baird upped their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Company 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.