Tocqueville Asset Management L.P. Trims Position in Trimble Inc. (NASDAQ:TRMB)

Tocqueville Asset Management L.P. reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,067 shares of the scientific and technical instruments company’s stock after selling 1,287 shares during the period. Tocqueville Asset Management L.P. owned about 0.08% of Trimble worth $14,561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRMB. Rialto Wealth Management LLC purchased a new stake in Trimble in the fourth quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble in the fourth quarter worth about $36,000. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the period. Larson Financial Group LLC raised its position in Trimble by 164.8% during the fourth 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 in the last quarter. Finally, Friedenthal Financial acquired a new position in Trimble in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. The trade was 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, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred 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. Over the last ninety days, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRMB shares. Oppenheimer lifted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Finally, StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and a consensus target price of $86.00.

Trimble Price Performance

Shares of Trimble stock opened at $70.25 on Tuesday. The stock has a market capitalization of $17.27 billion, a P/E ratio of 11.54, a PEG ratio of 3.09 and a beta of 1.57. The business has a 50 day simple moving average of $72.60 and a two-hundred day simple moving average of $68.11. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

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.