Trimble Inc. (NASDAQ:TRMB) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,857 shares of the scientific and technical instruments company’s stock after selling 406 shares during the period. V Square Quantitative Management LLC’s holdings in Trimble were worth $485,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its holdings in Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after acquiring an additional 71,891 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Trimble by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after acquiring an additional 60,752 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after acquiring an additional 136,452 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Trimble by 76.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after buying an additional 17,424 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 0.9 %

Shares of Trimble stock opened at $74.29 on Friday. The business has a 50-day moving average of $73.33 and a 200-day moving average of $65.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market capitalization of $18.26 billion, a PE ratio of 12.42, a P/E/G ratio of 3.14 and a beta of 1.53. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated 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 trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRMB. Robert W. Baird boosted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Sanford C. Bernstein boosted their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $84.86.

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.