King Luther Capital Management Corp Has $300.18 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

King Luther Capital Management Corp cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,248,180 shares of the scientific and technical instruments company’s stock after selling 24,151 shares during the period. Trimble accounts for approximately 1.3% of King Luther Capital Management Corp’s holdings, making the stock its 18th biggest holding. King Luther Capital Management Corp owned about 1.73% of Trimble worth $300,176,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TRMB. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $36,000. TD Private Client Wealth LLC raised its position in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 520 shares during the period. Larson Financial Group LLC raised its position in shares of Trimble by 164.8% in the 4th 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 period. Finally, Friedenthal Financial acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $49,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was 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 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 through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. 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 note on Thursday, February 20th. Finally, Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $86.00.

Trimble Trading Down 3.7 %

NASDAQ TRMB opened at $66.51 on Tuesday. The company has a market cap of $16.35 billion, a PE ratio of 10.92, a PEG ratio of 3.09 and a beta of 1.57. 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 stock has a 50 day moving average of $72.86 and a 200-day moving average of $67.71.

Trimble Company 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.