Russell Investments Group Ltd. Purchases 86,752 Shares of Trimble Inc. (NASDAQ:TRMB)

Russell Investments Group Ltd. lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 40.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,749 shares of the scientific and technical instruments company’s stock after purchasing an additional 86,752 shares during the period. Russell Investments Group Ltd.’s holdings in Trimble were worth $21,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Trimble by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock valued at $2,099,064,000 after acquiring an additional 183,150 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock valued at $425,427,000 after purchasing an additional 138,136 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after purchasing an additional 222,679 shares during the period. Boston Partners boosted its holdings 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 worth $239,802,000 after buying an additional 2,312,937 shares during the last quarter. Finally, Norges Bank bought a new position in Trimble during the fourth quarter valued at about $190,391,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TRMB. Sanford C. Bernstein boosted their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. Finally, Wolfe Research raised 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 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 MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus price target of $86.00.

Insider Buying and Selling at Trimble

In other Trimble news, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $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 11,421 shares of company stock valued at $831,683 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $61.49 on Thursday. 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 fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market cap of $15.11 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The stock has a fifty day moving average of $69.02 and a 200-day moving average of $69.04.

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.