ING Groep NV Lowers Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

ING Groep NV cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,191 shares of the scientific and technical instruments company’s stock after selling 1,470 shares during the period. ING Groep NV’s holdings in Trimble were worth $2,204,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC increased its stake in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Trimble in the 3rd quarter valued at approximately $49,000. Friedenthal Financial acquired a new position in shares of Trimble in the fourth quarter worth $49,000. Cromwell Holdings LLC increased its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Robert W. Baird lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer increased their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Thursday. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Down 2.4 %

Shares of NASDAQ:TRMB opened at $71.47 on Friday. The firm has a 50 day simple moving average of $73.30 and a 200-day simple moving average of $66.38. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $17.57 billion, a PE ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’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 of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.

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.