First Eagle Investment Management LLC Has $282,000 Stake in Trimble Inc. (NASDAQ:TRMB)

First Eagle Investment Management LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,995 shares of the scientific and technical instruments company’s stock after purchasing an additional 300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Trimble were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. KBC Group NV grew 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 buying an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Trimble by 22.2% in the third 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 period. Benjamin Edwards Inc. grew its stake in shares of Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after acquiring an additional 17,424 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in 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 purchasing an additional 132,467 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

Shares of TRMB stock opened at $69.39 on Monday. The stock’s fifty day simple moving average is $72.62 and its 200 day simple moving average is $68.02. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRMB. Piper Sandler restated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird upped their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $86.00.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of Trimble 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 completion of the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction dated 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 $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,421 shares of company stock worth $831,683. Corporate 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.