Meiji Yasuda Asset Management Co Ltd. Has $247,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Meiji Yasuda Asset Management Co Ltd. lowered its stake in Trimble Inc. (NASDAQ:TRMB) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,502 shares of the scientific and technical instruments company’s stock after selling 240 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Trimble were worth $247,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. First American Trust FSB grew its holdings in Trimble by 1.5% in the 4th quarter. First American Trust FSB now owns 111,033 shares of the scientific and technical instruments company’s stock valued at $7,846,000 after buying an additional 1,623 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of Trimble by 16.9% in the fourth quarter. EntryPoint Capital LLC now owns 3,837 shares of the scientific and technical instruments company’s stock valued at $271,000 after acquiring an additional 555 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Trimble in the fourth quarter valued at about $17,696,000. Crowley Wealth Management Inc. bought a new position in Trimble during the fourth quarter worth about $28,000. Finally, Vanguard Group Inc. raised its stake in Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock worth $2,099,064,000 after purchasing an additional 183,150 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock worth $831,683 over the last 90 days. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $65.52 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a market capitalization of $16.10 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The stock has a fifty day moving average of $72.15 and a 200-day moving average of $68.83.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRMB shares. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Wolfe Research raised 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. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Eight equities 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 has an average rating of “Buy” and a consensus price target of $86.00.

About Trimble

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.