Sepio Capital LP Has $1.84 Million Position in Trimble Inc. (NASDAQ:TRMB)

Sepio Capital LP cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,058 shares of the scientific and technical instruments company’s stock after selling 994 shares during the period. Sepio Capital LP’s holdings in Trimble were worth $1,841,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Cullen Frost Bankers Inc. lifted its holdings in shares of Trimble by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock worth $1,623,000 after purchasing an additional 141 shares during the period. Essex Investment Management Co. LLC lifted its holdings in Trimble by 0.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock worth $2,017,000 after buying an additional 141 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Trimble by 12.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 149 shares during the last quarter. M&T Bank Corp grew its position in shares of Trimble by 1.6% in the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock valued at $717,000 after buying an additional 156 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Trimble by 10.4% in the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company’s stock valued at $125,000 after buying an additional 167 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Trading Down 6.3 %

NASDAQ:TRMB opened at $56.51 on Friday. Trimble Inc. has a 12 month low of $48.65 and a 12 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 stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.09 and a beta of 1.57. The firm has a fifty day simple moving average of $70.76 and a two-hundred day simple moving average of $69.14.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRMB shares. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. 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 report on Monday, December 16th. Finally, StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Eight 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, the company has an average rating of “Buy” and an average target price of $86.00.

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.