Metis Global Partners LLC Sells 515 Shares of Trimble Inc. (NASDAQ:TRMB)

Metis Global Partners LLC decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,299 shares of the scientific and technical instruments company’s stock after selling 515 shares during the period. Metis Global Partners LLC’s holdings in Trimble were worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRMB. International Assets Investment Management LLC raised its position in shares of Trimble by 6,109.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,578 shares of the scientific and technical instruments company’s stock worth $1,029,000 after acquiring an additional 16,311 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after acquiring an additional 237 shares in the last quarter. National Pension Service raised its position in shares of Trimble by 13,597.7% in the 3rd quarter. National Pension Service now owns 23,971 shares of the scientific and technical instruments company’s stock worth $1,488,000 after acquiring an additional 23,796 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Trimble in the 3rd quarter worth approximately $49,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Oppenheimer upped their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday. 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, the company presently has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Stock Performance

Shares of TRMB opened at $69.68 on Tuesday. The business’s fifty day simple moving average is $73.19 and its two-hundred day simple moving average is $67.27. 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 company has a market cap of $17.13 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 3.09 and a beta of 1.53.

Insider Buying and Selling at Trimble

In other Trimble news, 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 transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, 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. In the last three months, insiders have sold 11,421 shares of company stock worth $831,683. Insiders own 0.47% of the company’s stock.

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.