Trimble Inc. (NASDAQ:TRMB) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,656 shares of the scientific and technical instruments company’s stock after selling 4,266 shares during the quarter. Trimble comprises about 1.4% of Clear Harbor Asset Management LLC’s holdings, making the stock its 13th largest position. Clear Harbor Asset Management LLC owned 0.10% of Trimble worth $17,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TRMB. American Century Companies Inc. increased its holdings in Trimble by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 16,067 shares of the scientific and technical instruments company’s stock valued at $898,000 after purchasing an additional 3,507 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Trimble by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 228,235 shares of the scientific and technical instruments company’s stock valued at $12,763,000 after acquiring an additional 13,845 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Trimble by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after purchasing an additional 361,421 shares during the period. Edgestream Partners L.P. bought a new position in Trimble in the second quarter worth about $331,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in Trimble by 22.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,611 shares of the scientific and technical instruments company’s stock valued at $929,000 after purchasing an additional 3,026 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of Trimble stock opened at $74.92 on Tuesday. The firm has a market cap of $18.41 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 3.11 and a beta of 1.52. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97. The stock’s 50-day moving average is $72.30 and its 200-day moving average is $63.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Analyst Ratings Changes

TRMB has been the topic of several analyst reports. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. Finally, Oppenheimer raised their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus price target of $84.86.

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.