Norinchukin Bank The Buys 1,074 Shares of Trimble Inc. (NASDAQ:TRMB)

Norinchukin Bank The boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 10.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,273 shares of the scientific and technical instruments company’s stock after buying an additional 1,074 shares during the period. Norinchukin Bank The’s holdings in Trimble were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ossiam boosted its stake in shares of Trimble by 3.5% during the 4th quarter. Ossiam now owns 11,773 shares of the scientific and technical instruments company’s stock worth $832,000 after purchasing an additional 400 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Trimble in the fourth quarter worth approximately $828,000. Curi RMB Capital LLC boosted its holdings in Trimble by 8.4% during the 4th quarter. Curi RMB Capital LLC now owns 30,598 shares of the scientific and technical instruments company’s stock valued at $2,162,000 after acquiring an additional 2,377 shares during the period. Dimensional Fund Advisors LP grew its position in Trimble by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,326,940 shares of the scientific and technical instruments company’s stock valued at $164,422,000 after acquiring an additional 158,402 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Trimble by 39.8% during the fourth quarter. First Trust Advisors LP now owns 70,107 shares of the scientific and technical instruments company’s stock worth $4,954,000 after purchasing an additional 19,976 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

TRMB has been the subject of a number of research analyst reports. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Finally, Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of Trimble stock opened at $56.22 on Tuesday. The company has a 50-day simple moving average of $66.45 and a two-hundred day simple moving average of $68.94. 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 one year low of $48.65 and a one year high of $77.78. The company has a market capitalization of $13.82 billion, a PE ratio of 9.23, a P/E/G ratio of 3.09 and a beta of 1.57.

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.