Congress Asset Management Co. Sells 1,345 Shares of Trimble Inc. (NASDAQ:TRMB)

Congress Asset Management Co. reduced its stake in Trimble Inc. (NASDAQ:TRMB) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,889 shares of the scientific and technical instruments company’s stock after selling 1,345 shares during the period. Congress Asset Management Co. owned approximately 0.06% of Trimble worth $10,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Roman Butler Fullerton & Co. bought a new stake in shares of Trimble in the 4th quarter valued at approximately $206,000. CFC Planning Co LLC bought a new stake in shares of Trimble in the 4th quarter valued at approximately $274,000. Compagnie Lombard Odier SCmA grew its stake in shares of Trimble by 29.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 255,327 shares of the scientific and technical instruments company’s stock valued at $18,041,000 after purchasing an additional 58,193 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Trimble by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 181,496 shares of the scientific and technical instruments company’s stock valued at $12,923,000 after purchasing an additional 2,938 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Trimble by 34.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 38,534 shares of the scientific and technical instruments company’s stock valued at $2,686,000 after purchasing an additional 9,813 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company’s stock.

Trimble Stock Up 0.9 %

NASDAQ TRMB opened at $74.29 on Monday. The stock has a fifty day moving average of $73.33 and a 200-day moving average of $65.69. The stock has a market capitalization of $18.26 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research upgraded 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. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $84.86.

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.