Whittier Trust Co. Has $39,000 Position in Trimble Inc. (NASDAQ:TRMB)

Whittier Trust Co. lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 21.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 545 shares of the scientific and technical instruments company’s stock after selling 149 shares during the period. Whittier Trust Co.’s holdings in Trimble were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after acquiring an additional 39,069 shares during the period. Victory Capital Management Inc. boosted its holdings in Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock valued at $400,312,000 after purchasing an additional 222,679 shares in the last quarter. Boston Partners grew its stake in shares of Trimble by 217.3% in the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $147,017,000 after buying an additional 24,070 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Trimble by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after buying an additional 136,452 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of analyst reports. 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. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Trading Up 2.2 %

TRMB opened at $72.07 on Tuesday. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The stock has a market capitalization of $17.71 billion, a PE ratio of 11.83, 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. The firm has a 50-day moving average price of $72.55 and a two-hundred day moving average price of $68.65.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was 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 valued at $831,683 over the last three months. 0.47% of the stock is owned by insiders.

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.