Bank Julius Baer & Co. Ltd Zurich Trims Stake in Trimble Inc. (NASDAQ:TRMB)

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 18.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,501 shares of the scientific and technical instruments company’s stock after selling 7,937 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Trimble were worth $2,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Trimble by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after buying an additional 39,069 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Trimble by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after buying an additional 222,679 shares during the last quarter. Impax Asset Management Group plc grew its stake 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 buying an additional 434,065 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Trimble by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock valued at $147,017,000 after acquiring an additional 24,070 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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 $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trimble currently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Up 2.1 %

Shares of TRMB opened at $69.06 on Monday. The firm has a market capitalization of $16.97 billion, a P/E ratio of 11.34, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $72.94 and a 200-day moving average price of $67.64.

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.