Signaturefd LLC Sells 651 Shares of Trimble Inc. (NASDAQ:TRMB)

Signaturefd LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 25.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,904 shares of the scientific and technical instruments company’s stock after selling 651 shares during the period. Signaturefd LLC’s holdings in Trimble were worth $135,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cibc World Markets Corp boosted its holdings in shares of Trimble by 16.3% during the 4th quarter. Cibc World Markets Corp now owns 38,559 shares of the scientific and technical instruments company’s stock valued at $2,725,000 after acquiring an additional 5,406 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Trimble by 59.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,378 shares of the scientific and technical instruments company’s stock valued at $380,000 after purchasing an additional 2,009 shares during the period. Natixis Advisors LLC boosted its holdings in Trimble by 2.3% in the fourth quarter. Natixis Advisors LLC now owns 41,584 shares of the scientific and technical instruments company’s stock worth $2,938,000 after purchasing an additional 943 shares during the last quarter. First Eagle Investment Management LLC grew its position in Trimble by 8.1% in the 4th quarter. First Eagle Investment Management LLC now owns 3,995 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 300 shares during the period. Finally, LBP AM SA raised its stake in Trimble by 101.9% during the 4th quarter. LBP AM SA now owns 74,931 shares of the scientific and technical instruments company’s stock valued at $5,295,000 after buying an additional 37,811 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TRMB. Cfra upgraded 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. Robert W. Baird boosted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Wolfe Research raised shares of 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. Finally, Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a 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 MarketBeat.com, the company has an average rating of “Buy” and an average target price of $86.00.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred 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 $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the company’s 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 transaction, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 in the last three months. Company insiders own 0.47% of the company’s stock.

Trimble Price Performance

NASDAQ TRMB opened at $70.54 on Monday. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 11.58, a PEG 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’s 50 day moving average is $72.52 and its two-hundred day moving average is $68.53. 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 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.