Nomura Asset Management Co. Ltd. Has $4.96 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Nomura Asset Management Co. Ltd. grew its position in Trimble Inc. (NASDAQ:TRMB) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,174 shares of the scientific and technical instruments company’s stock after purchasing an additional 441 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Trimble were worth $4,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TRMB. Crowley Wealth Management Inc. bought a new stake in Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the fourth quarter valued at $36,000. TD Private Client Wealth LLC increased its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC lifted 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 acquiring an additional 422 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, Robert W. Baird increased 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 equities 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.com, Trimble has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Down 0.4 %

Shares of TRMB opened at $65.38 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The firm’s 50 day moving average is $71.74 and its 200-day moving average is $69.16. The stock has a market capitalization of $16.07 billion, a PE ratio of 10.74, a P/E/G ratio of 3.09 and a beta of 1.57.

Insiders Place Their Bets

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock worth $831,683 in the last 90 days. Company insiders own 0.47% of the company’s stock.

Trimble 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.