Southeast Asset Advisors LLC Has $4.68 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Southeast Asset Advisors LLC increased its stake in Trimble Inc. (NASDAQ:TRMB) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,207 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,964 shares during the quarter. Trimble comprises 0.6% of Southeast Asset Advisors LLC’s holdings, making the stock its 28th largest holding. Southeast Asset Advisors LLC’s holdings in Trimble were worth $4,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TRMB. Norges Bank bought a new position in Trimble during the fourth quarter worth $190,391,000. Boston Partners grew its holdings in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after acquiring an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of Trimble in the 4th quarter worth about $50,041,000. JPMorgan Chase & Co. lifted its stake in shares of Trimble by 69.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock valued at $89,837,000 after purchasing an additional 520,980 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Trimble by 1,064.6% during the 4th quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company’s stock valued at $32,257,000 after purchasing an additional 417,313 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of “Buy” and a consensus price target of $86.00.

Insider Transactions at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated 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 owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last ninety days. 0.47% of the stock is currently owned by insiders.

Trimble Trading Down 6.3 %

TRMB opened at $56.51 on Monday. The firm has a market capitalization of $13.89 billion, a PE ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57. 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 Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company’s 50-day moving average is $70.76 and its 200 day moving average is $69.22.

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.